Welcome to our dedicated page for CSLM Digital Asset Acquisition news (Ticker: KOYNU), a resource for investors and traders seeking the latest updates and insights on CSLM Digital Asset Acquisition stock.
CSLM Digital Asset Acquisition Corp III, Ltd (Nasdaq: KOYNU) is a special purpose acquisition company (SPAC) in the Financial Services sector, with a stated focus on “new economy sectors” and digital asset infrastructure. This news page aggregates coverage related to KOYNU, its capital markets activity, and its efforts to identify and execute a business combination.
News about CSLM Digital Asset Acquisition Corp III, Ltd includes announcements of its initial public offering of units on the Nasdaq Global Market, details on the commencement of separate trading for its units, Class A ordinary shares (KOYN), and warrants (KOYNW), and subsequent regulatory disclosures filed with the U.S. Securities and Exchange Commission. These items help investors track how the SPAC’s securities are structured and how they trade on the public markets.
A key development featured in recent news is the joint announcement by KOYN and First Digital Group Ltd of a non-binding letter of intent for a proposed business combination. The release describes First Digital Group as a digital asset infrastructure provider and outlines the intent for the combined company to be publicly listed on a national securities exchange in the United States, subject to definitive agreements, regulatory approvals, and shareholder votes. The announcement also notes that there can be no assurances that a definitive agreement will be executed or that a transaction will be completed.
By following KOYNU news, readers can monitor milestones such as IPO-related updates, SEC reporting events, and proposed transaction announcements. This page offers a centralized view of public communications that describe how CSLM Digital Asset Acquisition Corp III, Ltd is pursuing its stated objective of effecting a business combination within its targeted sectors.
Summary not available.
CSLM Digital Asset Acquisition Corp III (NASDAQ:KOYNU) has successfully completed its initial public offering, raising $230 million through the sale of 23 million units at $10.00 per unit, including the full exercise of the underwriters' over-allotment option.
Each unit comprises one Class A ordinary share and one-half redeemable warrant, with whole warrants exercisable at $11.50 per share. The units trade under "KOYNU," while the Class A shares and warrants will separately trade as "KOYN" and "KOYNW" respectively.
Led by Chairman and CFO Vik Mittal and CEO Charles T. Cassel III, the SPAC targets businesses in the digital asset space, focusing on blockchain infrastructure and distributed ledger technologies within Frontier Growth Markets.
CSLM Digital Asset Acquisition Corp III (NASDAQ:KOYNU) has announced the pricing of its $200 million initial public offering, offering 20 million units at $10.00 per unit. Each unit comprises one Class A ordinary share and one-half of one redeemable warrant, with whole warrants exercisable at $11.50 per share.
Trading will commence on Nasdaq under "KOYNU" on August 27, 2025, with Class A shares and warrants later trading separately under "KOYN" and "KOYNW". The SPAC, led by Chairman Vik Mittal and CEO Charles T. Cassel III, targets businesses in the digital asset space, focusing on blockchain infrastructure and new economy sectors in Frontier Growth Markets.
Cohen & Company Capital Markets serves as the sole book-runner, with a 45-day option to purchase up to 3 million additional units to cover over-allotments. The offering is expected to close on August 28, 2025.
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