CSLM Digital Asset Acquisition III, a blank check company targeting sectors related to the digitization of financial infrastructure, raised $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.
CSLM Digital Asset Acquisition III plans to list on the Nasdaq under the symbol KOYNU. Cohen & Company Securities acted as sole bookrunner on the deal.
