CSLM Digital Asset Acquisition Corp III, KOYN · USD

On August 28, 2025, the Company consummated the initial public offering (“IPO”) of 23,000,000 units (the “Units”), including 3,000,000 Units issued pursuant to the full exercise by the underwriters of their over-allotment option. Each Unit consists of one Class A ordinary share, $0.0001 par value (“Class A Ordinary Share”) and one-half of one redeemable warrant of the Company (each, a “Warrant”), with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share (subject to adjustment). The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $230,000,000.

Simultaneously with the closing of the IPO, the Company consummated a private placement (the “Private Placement”) of an aggregate of 891,250 units (the “Private Units”) to our sponsor, CSLM Acquisition Sponsor II, Ltd (the “Sponsor”) and Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, the representative of the underwriters of the IPO (“CCM”), at a price of $10.00 per Private Unit, generating total proceeds of $8,912,500. Each Private Unit consists of one Class A Ordinary Share and one-half of one redeemable Warrant, with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share (subject to adjustment). Of those 891,250 Private Units, the Sponsor purchased 575,000 Private Units and CCM purchased 316,250 Private Units. The Private Units are identical to the Units sold in the IPO except with respect to certain registration rights and transfer restrictions.

Quoted from its 10-K, filed 19 Mar 2026. Read the filing on SEC.gov ↗