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CSLM Digital Asset Acquisition Corp III, Ltd $200 Million Initial Public Offering
Globenewswire· 2025-08-26 20:54
Company Overview - CSLM Digital Asset Acquisition Corp III is a newly organized special purpose acquisition company (SPAC) formed in the Cayman Islands, focusing on acquiring businesses in the digital asset space [1][7] - The company is led by Chairman and CFO Vik Mittal and CEO Charles T. Cassel III, supported by a distinguished board of directors [2] Initial Public Offering (IPO) Details - The company announced the pricing of its IPO, offering 20,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of a redeemable warrant [1] - The IPO is expected to close on August 28, 2025, subject to customary closing conditions, and Cohen & Company Capital Markets is acting as the sole book-running manager [4] Investment Focus - The SPAC aims to target businesses positioned for long-term growth in the digital asset sector, particularly those involved in blockchain and distributed ledger technologies [3] - The focus will be on companies in "new economy sectors" within Frontier Growth Markets, including critical infrastructure such as wallets, custody solutions, exchanges, and tokenized financial instruments [3] Trading Information - The units are expected to trade on The Nasdaq Global Market under the ticker symbol "KOYNU" starting August 27, 2025, with separate trading for Class A ordinary shares and warrants under the symbols "KOYN" and "KOYNW," respectively [1]
Yorkville Acquisition Corp. Announces Closing of $172,500,000 Initial Public Offering, Including Full Exercise of Underwriters’ Over-Allotment Option
Globenewswire· 2025-06-30 20:05
Group 1 - Yorkville Acquisition Corp. closed its initial public offering of 17,250,000 units at $10.00 per unit, raising gross proceeds of $172.5 million before deductions [1][3] - Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with whole warrants allowing the purchase of one Class A ordinary share at $11.50 [2] - The company intends to use the net proceeds from the offering to pursue business combinations with one or more businesses, focusing on the intersection of media, technology, and entertainment [3][7] Group 2 - Clear Street acted as the sole book-running manager for the offering, with D. Boral Capital LLC as co-manager and DLA Piper LLP (US) providing legal counsel [4] - The registration statement for the securities was declared effective by the SEC on June 26, 2025, allowing the offering to proceed [6]