CSLM Digital Asset Acquisition III, a blank check company targeting sectors related to the digitization of financial infrastructure, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.
The company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
CSLM Digital Asset Acquisition III is led by CEO Charles Cassel, the co-founder and CEO of Consilium Investment Management, and CFO and Chairman Vikas Mittal, the Managing Member and CIO of Meteora Capital. Management has prior blank check experience. The SPAC plans to target sectors aligned with the ongoing digitization of financial infrastructure, such as digital assets, Web3 technologies, financial services infrastructure, and other blockchain-driven business models.
The Fort Lauderdale, FL-based company was founded in 2024 and plans to list on the Nasdaq under the symbol KOYNU. CSLM Digital Asset Acquisition III filed confidentially on May 15, 2025. Cohen & Company Securities is the sole bookrunner on the deal.
