CSLM Digital Asset Acquisition Corp III closes $230M IPO; trust account funded; auditor raises going concern doubt

CSLM Digital Asset Acquisition Corp III, Ltd

IPO of 23M units at $10/unit raised $230M; private placement of 891,250 units to sponsor and CCM raised $8.9M.
Trust account holds $230M; deferred underwriting fees of $9.2M; cash on hand $3.73M.
Auditor's report includes substantial doubt about ability to continue as going concern due to working capital deficiency and expected costs.
Class A ordinary shares subject to redemption at $10 per share; 24 months from IPO to complete business combination.

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