CSLM Digital Asset Acquisition Corp III, Ltd Announces Closing of $230 Million Initial Public Offering

Group 1 - CSLM Digital Asset Acquisition Corp III, Ltd has successfully closed its initial public offering, raising gross proceeds of $230 million by issuing 23 million units at an offering price of $10.00 per unit [1][2] - The units began trading on Nasdaq under the ticker symbol "KOYNU" on August 27, 2025, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant [2] - The SPAC is led by a team of experienced executives, including Chairman and CFO Vik Mittal and CEO Charles T. Cassel III, supported by a distinguished board of directors [3] Group 2 - The SPAC aims to target businesses in the digital asset space that are positioned for long-term growth, focusing on sectors such as wallets, custody solutions, exchanges, and tokenized financial instruments [4] - The strategy leverages the management team's extensive experience in emerging markets and their affiliations with Consilium Investment Management and Meteora Capital to create long-term value [4][8] - The company intends to focus on "new economy sectors" within Frontier Growth Markets, which include technology, financial services, and media [8]