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

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

(NASDAQ:KOYNU) FT. LAUDERDALE, Fla., Aug. 28, 2025 (GLOBE NEWSWIRE) -- CSLM Digital Asset Acquisition Corp III, Ltd (the “Company”) (Nasdaq: KOYNU), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company, today announced the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option, at an offering price of $10.00 per unit, resulting in gross proceeds of $230,000,000.

Related Questions

How will the $230 million of proceeds be allocated and what types of digital‑asset targets is the SPAC likely to pursue? What impact will the IPO pricing and the underwriters’ full over‑allotment have on KOYNU’s secondary market liquidity and short‑term price movement? How does KOYNU’s valuation and capital structure compare with other recent digital‑asset SPACs, and what does that imply for its relative risk‑reward profile?
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