CSLM Digital Asset Acquisition Corp III, Ltd

CSLM Digital Asset Acquisition Corp III, Ltd is a blank check company incorporated in the Cayman Islands on July 26, 2024. Its purpose is to complete a business combination, such as a merger or acquisition, with one or more businesses. The company expects to focus on sectors related to the digitization of financial infrastructure, including digital assets, Web3 technologies, financial services infrastructure, and other blockchain-driven business models. It will also emphasize companies based in or focused on emerging and frontier markets. On August 28, 2025, the company completed its initial public offering (IPO) of 23,000,000 units, which included 3,000,000 units from the underwriters' over-allotment option. Each unit consisted of one Class A ordinary share with a $0.0001 par value and one-half of one redeemable warrant. Each whole warrant allows the holder to purchase one Class A ordinary share for $11.50 per share. The units were sold at $10.00 per unit, raising gross proceeds of $230,000,000. Concurrently with the IPO, the company completed a private placement of 891,250 units to its sponsor, CSLM Acquisition Sponsor II, Ltd, and Cohen & Company Capital Markets. These private units were sold at $10.00 per unit, generating total proceeds of $8,912,500. Each private unit also consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder to purchase one Class A ordinary share for $11.50 per share.