Company: KOYNU
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001829126-25-009093
Chunk: 30

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 by the affirmative vote of at least 90% (or, where such amendment is proposed in respect of the consummation of an initial Business Combination, two-thirds) of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the Company.

Note 9 — Fair Value Measurements

The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date.

    19

Recurring Fair Value Measurements

The following table presents information about the Company’s recurring fair value measurements as of September 30, 2025, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    Schedule of Assets measured at fair value on a recurring basis

    Level

    Fair Value

    Assets:

    United States Treasury Bills held in Trust Account
     
    1

    $
    230,876,657

There were no recurring fair value measurements
as of December 31, 2024.

Non-recurring Fair Value Measurements

The following table presents information about the Company’s non-recurring fair value measurements as of the valuation date, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    Level

    Fair Value

    Equity:

    Fair value of Public Warrants for Class A ordinary shares subject to possible redemption allocation at August 28, 2025
     
    3

    $
    5,152,349

    Class B ordinary shares (per share) at July 25, 2025
     
    3

    $
    5.59

The fair value of the Public Warrants is $5,152,349. The fair value of Public Warrants was determined using Black-Scholes Simulation Model. The Public Warrants have been classified within shareholders’ deficit and will not require remeasurement after issuance. The following table presents the quantitative information regarding market assumptions used in the valuation of the Public Warrants:

    Schedule of fair value assumptions

    August 28,2025

    Implied ordinary share price
     
    $
    9.82

    Exercise price
     
    $
    11.50

    Simulation term (years)

    7.00