CSLM Digital Asset Acquisition Corp III Announces IPO Plans
CSLM Digital Asset Acquisition Corp III Pricing Details
CSLM Digital Asset Acquisition Corp III, Ltd, a newly organized special purpose acquisition company, has announced exciting news regarding its initial public offering. The company revealed that it is offering 20,000,000 units at an inviting price of $10.00 per unit. This offering consists of one Class A ordinary share and half of a redeemable warrant for each unit sold. Those who hold the whole warrant will have the opportunity to purchase an additional Class A ordinary share for $11.50 per share. This structure not only makes the offering attractive but aligns with the company’s vision for long-term growth in emerging markets.
Market Entry and Trading Plans
CSLM Digital Asset Acquisition Corp III aims to begin trading on The Nasdaq Global Market under the symbol "KOYNU". The expected commencement of trading will launch shortly, and it gives potential investors a promising entry point into the evolving digital asset market. Once the trading begins, the Class A ordinary shares and the warrants are likely to be traded on Nasdaq under the symbols "KOYN" and "KOYNW," respectively.
Leadership and Vision for Growth
The leadership team of CSLM Digital Asset Acquisition Corp III is one of the company's strongest assets. The team includes Vik Mittal as Chairman and Chief Financial Officer along with CEO Charles T. Cassel III and a highly distinguished board of directors. This group shares a vision of capitalizing on significant opportunities in the digital asset sector. Board members such as Jonathan M. Binder, Brian Rudick, Danel Calvillo Armendariz, Dr. Jim Kyung-Soo Liew, Christopher Bradley, and Mathew August provide robust support and strategic insights, which are essential for navigating the complexities of the digital economy.
A Strategic Focus on Digital Assets
The company aims to target businesses not just within the digital space but those that demonstrate sustainable growth potential. This includes sectors related to blockchain and distributed ledger technologies. By concentrating on what they describe as "new economy sectors," CSLM Digital Asset Acquisition Corp III is positioning itself to support the infrastructure for the future economy, including wallets, exchanges, custody solutions, and payment systems, enhancing functionalities in decentralized finance and cross-border transactions.
Future Growth Opportunities
Understanding the potential of the digital asset sector, the company strategically leverages its management team's extensive experience. CSLM Digital Asset Acquisition Corp III intends to harness decades of expertise in developing markets and utilize partnerships with firms like Consilium Investment Management and Meteora Capital to drive value creation. Through these collaborative efforts, the SPAC endeavors to forge pathways for infrastructure advancement in high-growth markets that are rapidly embracing digital transformation.
Underwriter Support and Offering Length
Cohen & Company Capital Markets, a dedicated division of Cohen & Company Securities, LLC, plays a crucial role as the sole book-running manager for this offering. Additionally, to accommodate for any possible over-allotments, the underwriter has been granted a 45-day option to purchase up to another 3,000,000 units at the initial offering price. This flexibility will enhance the offering's potential to meet market demands and investor interest.
Conclusion and Contact Information
CSLM Digital Asset Acquisition Corp III is both excited and committed to closing this offering successfully, aiming for completion under normal conditions. As per regulatory standards, a registration statement for the securities involved has already been approved by the U.S. Securities and Exchange Commission. The offering details and how to participate are exclusively provided through a prospectus available from their underwriter. Interested parties can reach out to the leadership team for further information and guidance through the provided contact email.
Contact:
Vik Mittal
CSLM3@meteoracapital.com
Frequently Asked Questions
What is CSLM Digital Asset Acquisition Corp III?
CSLM Digital Asset Acquisition Corp III is a special purpose acquisition company established to merge with or acquire other businesses, focusing on the digital asset sector.
What is the offering price for the IPO?
The initial public offering price is set at $10.00 per unit, which includes one Class A ordinary share and half of a redeemable warrant.
Which stock exchanges will CSLM trade on?
The company plans to trade on The Nasdaq Global Market under the ticker symbols "KOYNU" for units, "KOYN" for shares, and "KOYNW" for warrants.
Who manages CSLM Digital Asset Acquisition Corp III?
The management team includes Vik Mittal as the Chairman and CFO and Charles T. Cassel III as the CEO, supported by a distinguished board of directors.
What sectors does CSLM intend to target?
CSLM aims to focus on businesses in new economy sectors related to digital assets, including infrastructure, payment systems, and DeFi applications.
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