CSLM Digital Asset Acquisition Corp III, Ltd

NASDAQ: KOYN
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A special purpose acquisition company focused on digital assets, Web3 technologies, financial services infrastructure, and blockchain-driven business models in emerging and frontier growth markets.

About

CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ: KOYN) is a special purpose acquisition company focused on digital assets, Web3 technologies, financial services infrastructure, and blockchain-driven business models.

KOYN aims to identify and consummate a business combination with a leading company building on bitcoin, stablecoin, and related payment rails, with target areas including stablecoins, custody, payments, DeFi, and other financial services that leverage digital asset infrastructure.

Investors & SEC Filings

For complete, official information about CSLM Digital Asset Acquisition Corp III, Ltd. ("KOYN"), please refer to our public filings with the U.S. Securities and Exchange Commission (SEC).

Links are provided for convenience only. In the event of any discrepancy, the documents filed with the SEC control.

Trading Information

Security Ticker Exchange Description
Units KOYNU NASDAQ Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.
Class A Ordinary Shares KOYN NASDAQ Class A ordinary shares, par value $0.0001 per share.
Warrants KOYNW NASDAQ Redeemable warrants; each whole warrant exercisable for one Class A ordinary share at $11.50.

PFIC Annual Information

Press & Announcements

Media inquiries: Samantha Yap | YAP Global — samantha@yapglobal.com

Updates & Insights

KOYN Signs LOI with First Digital Group — A Global Stablecoin & Digital Payments Leader

December 2025

KOYN has entered into a non-binding letter of intent with First Digital Group Ltd., a leading stablecoin and digital asset infrastructure provider headquartered in Hong Kong. First Digital is the group behind FDUSD — the #3 most-traded stablecoin globally — supported by a compliance-first, fully backed trust framework and a rapidly expanding global payments and infrastructure ecosystem. FDUSD reached a peak circulation of more than US$4.4 billion and has processed more than US$2 trillion in cumulative trading volume since launch. First Digital currently expects to report approximately US$80–$90 million in unaudited revenue for 2025. Upon completion, the combined company is expected to be publicly listed on a national securities exchange in the United States.

Leadership & Board

Vikas Mittal — Chairman of the Board, Co-Chief Executive Officer, and Chief Financial Officer
Mr. Mittal is the Managing Member and Chief Investment Officer of Meteora Capital, LLC, an investment adviser specializing in SPAC-related investments, where he has served since January 2022. He has more than two decades of experience in public markets and previously held senior roles at Glazer Capital, LLC, which he joined in 2005. Before transitioning to the buy-side, Mr. Mittal was part of the founding team that launched Raymond James' TMT investment banking practice in Palo Alto, California, in 2002, focusing on mid-market mergers and acquisitions and private placements. Mr. Mittal also serves as CEO and CFO of Investcorp Europe Acquisition Corp I, CFO of Berto Acquisition Corp, and is a director of Bitcoin Infrastructure Acquisition Corp Ltd. and Bitcoin Infrastructure Acquisition Corp II Ltd. He was a member of the sponsor of GSR II Meteora Acquisition Corp., which completed its business combination with Bitcoin Depot Inc. (NASDAQ: BTM) in 2023. Mr. Mittal earned a B.S. in Finance from the University of Florida, summa cum laude, and an MBA from NYU Stern School of Business. He is a CFA charterholder.
Ryan Gentry — Co-Chief Executive Officer, Chief Investment Officer, and Director
Mr. Gentry brings over a decade of experience spanning engineering, venture capital, and financial technology, with a focus on innovation at the intersection of finance and the Internet. He also serves as Chief Executive Officer of Bitcoin Infrastructure Acquisition Corp Ltd. From 2020 to 2025, he led Business Development at Lightning Labs, where he helped scale the company's Bitcoin and stablecoins payments infrastructure to support tens of billions of dollars in annualized volume on the Lightning Network. Prior to that, Mr. Gentry served as Lead Analyst at Multicoin Capital from 2018 to 2020, where he conducted diligence on early-stage investments in decentralized protocols and digital asset infrastructure. He began his career as a Controls Engineer at Intel Corporation, supporting automation systems in high-volume semiconductor manufacturing. Mr. Gentry holds a B.S. in Aerospace Engineering from The University of Texas at Austin and an M.S. in Electrical and Computer Engineering from the Georgia Institute of Technology.
Charles T. Cassel III — Director (formerly Chief Executive Officer)
Mr. Cassel is a co-founder and principal of Consilium Investment Management LLC (CIM), an SEC-registered investment management firm headquartered in Fort Lauderdale, Florida. CIM and its founders have over six decades of experience in Emerging Markets and Frontier Growth Markets, with deep relationships with companies, management teams, policy makers, and advisors globally. Mr. Cassel has participated in private equity and mezzanine financing transactions across Frontier Growth Markets. He served as CEO of the Company from inception until November 10, 2025, when he transitioned to a Director role.
Christopher Bradley — Independent Director
Mr. Bradley is a Managing Director at Mistral Equity Partners, which he joined in 2008. Mr. Bradley brings over 20 years of experience in identifying acquisition candidates, board service, due diligence experience including accounting and financial modeling acumen, and a background in deal structuring. He currently serves as the Chief Financial Officer and Secretary (since 2023) and Chief Executive Officer and Chairman (since 2024) of Haymaker Acquisition Corp. 4 and previously served as the Chief Financial Officer of Haymaker Acquisition Corp. III until it completed its business combination in May 2022 with Biote, Corp. Mr. Bradley served as the Chief Financial Officer and Secretary of Haymaker Acquisition Corp. II from 2019 until its merger with ARKO (NASDAQ:ARKO) in December 2020. He served as the Chief Financial Officer and Secretary of Haymaker Acquisition Corp. I from 2017 until its business combination with OneSpaWorld (NASDAQ:OSW) in 2019. Since 2016, Mr. Bradley has served as Co-Chief Executive Officer and a member of the board of directors of The Beacon Consumer Incubator Fund, a venture capital fund that invests in consumer technology companies. Prior to Mistral, Mr. Bradley served as an investment banker at Banc of America Securities from 2005 to 2006, a Manager in Burger King's strategy group in 2004, and a Manager at PricewaterhouseCoopers management consulting practice from 1999 to 2004. Mr. Bradley earned an A.B. from the University of Chicago and an M.B.A. from The Harvard Business School.
Brian Rudick — Independent Director
Mr. Rudick is a seasoned finance and digital assets executive with a broad track record spanning traditional banking, crypto markets, and strategic advisory roles. He currently serves as Chief Strategy Officer at Upexi Inc. (Nasdaq: UPXI), where he oversees the company's cryptocurrency strategy, investor relations, marketing, and go-to-market planning. Immediately prior, Mr. Rudick was Head of Research at GSR, the world's largest digital-asset market-maker. Before transitioning to digital assets, he spent over a decade on Wall Street, primarily managing long short portfolios of bank stocks at Citadel, Balyasny, and Millennium. Mr. Rudick began his career at the Federal Reserve, conducting research central to the monetary-policy process. He holds a Bachelor of Science from Duke University, an MBA from The University of Chicago Booth School of Business, and is a CFA Charterholder.
Mathew August — Independent Director
Mr. August is the Managing Director and Executive Chairman of Atlas Capital Partners, a New York–based single family office investment firm and merchant bank, and its related entity, ACP Animus Capital Partners, positions he has held since 2016. He has over 15 years of experience in long-term investing, advising, and building companies across the venture capital, private equity, and public markets. His investment and advisory focus spans a broad range of industries, including infrastructure, technology, digital assets, defense, consumer products, and strategic critical resources. Prior to founding Atlas, Mr. August was the Founder and Vice Chairman of a Canadian-based merchant bank, where he advised on and led transactions totaling in the billions across multiple sectors. Earlier in his career, he served as an FX desk trader at Olympia Trust Company (TSX: OLY).
Danel Calvillo Armendariz — Independent Director
Mr. Calvillo Armendariz is an experienced financial executive with deep expertise in banking, financial regulation, and digital assets. Since January 2022, he has served as Managing Partner of Inertia Advisory LLC, where he advises financial institutions, family offices, and regulated funds on investment structuring, digital asset licensing, and regulatory compliance. He has led engagements with the Roatán Financial Services Authority and secured VASP licenses from the Bank of Spain for institutional clients, including oversight of stablecoin-based remittance operations. He serves as Director of Inertia Funds Ltd., where he led the launch of a MiFID II-regulated crypto index fund listed on the Frankfurt Stock Exchange. Previously, Mr. Calvillo Armendariz worked in the Blockchain and Digital Assets division of BBVA, contributing to the bank's digital asset offerings in Switzerland and global strategy development. He holds a Master's in Banking and Financial Regulation from Universidad de Navarra.
Dr. Jim Kyung-Soo Liew — Independent Director
Dr. Liew is the Founder and President of SoKat Consulting LLC, a premier artificial intelligence solutions firm delivering cutting-edge machine learning and data science applications to U.S. federal agencies and top-tier financial institutions. He also serves as an Associate Professor of Finance at the Johns Hopkins Carey Business School, where he teaches AI Essentials for Business, Cryptos and Blockchain, and Entrepreneurial Finance. A recognized thought leader at the intersection of finance and technology, Dr. Liew has received multiple Dean's Awards for Faculty Excellence. Before founding SoKat, Dr. Liew was Vice President at Carlyle Asset Management Group, Senior Researcher at Campbell & Company—a multi-billion dollar quantitative hedge fund—and began his career at Morgan Stanley as a Quantitative Strategist, building models for trading and risk management. Dr. Liew earned a Ph.D. in Finance from Columbia University and a B.A. in Mathematics from the University of Chicago.

CSLM Digital Asset Acquisition Corp III, Ltd is governed by a board of directors and committees consistent with Nasdaq listing standards, including audit, compensation, and nominating and governance committees.

Contact

For general, investor relations, and media inquiries, please email:

CSLM3@meteoracapital.com

Please do not include account numbers or other sensitive personal information in email communications.

KOYN Stock Price

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