secwatch.observer — SEC 8-K summary
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Issuer:     CSLM Digital Asset Acquisition Corp III, Ltd (KOYN)
CIK:        0002068454
Form:       8-K
Filed at:   2025-08-28T23:59:59+00:00
Accession:  0001829126-25-006839
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2068454/000182912625006839/0001829126-25-006839-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2068454/000182912625006839/cslmacq3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-006839

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer