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:   2025-09-04T23:59:59+00:00
Accession:  0001829126-25-007166
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2068454/000182912625007166/0001829126-25-007166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2068454/000182912625007166/cslmacq3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-007166

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