CSLM Digital Asset Acquisition Corp III closes $230M IPO for digital-asset SPAC

CSLM Digital Asset Acquisition Corp III, Ltd

Gross proceeds of $230M from 23M units at $10/unit, including full 3M over-allotment exercise.
Simultaneous private placement of 891,250 Private Units to sponsor ($5.75M) and CCM ($3.1625M) for $8.9125M total.
$230M deposited into trust account for public shareholders; funds held until business combination or redemption.
Appointed five independent directors: Bradley, Rudick, August, Armendariz, Liew; formed audit and compensation committees.
Company targets digital-asset infrastructure and 'new economy' companies in Frontier Growth Markets.

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