Company: KOYNU
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001829126-25-009093
Chunk: 1

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 $0.0001 par value; 445,000,000 shares authorized; 891,250 and 0 shares issued and outstanding (excluding 23,000,000 and 0 shares subject to possible redemption) as of September 30, 2025 and December 31, 2024, respectively

    89

    -

    Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 7,666,667 and 0 shares issued and outstanding as of September 30, 2025 and December 31, 2024

    767

    -

    Additional paid-in capital

    -

    -

    Accumulated deficit

    (5,650,418
    )

    (22,820
    )
  
    Total Shareholders’ Deficit

    (5,649,562
    )

    (22,820
    )
  
    Total Liabilities, Class A Ordinary Shares Subject to Redemption, and Shareholders’ Deficit
     
    $
    234,574,267

    $
    35,480

The accompanying notes are an integral part of the condensed financial statements.

1

CSLM Digital Asset Acquisition Corp III, Ltd

CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)

    Three Months Ended September 30, 2025

    Nine Months Ended September 30, 2025

    For the Period From July 26, 2024 (Inception) Through September 30, 2024

    Loss from operations:

    Formation, general and administrative expenses
     
    $
    210,041

    $
    302,303

    $
    7,543

    Insurance expense

    6,986

    6,986

    -

    Listing fees

    9,557

    9,557

    -

    Net loss from operations

    (226,584
    )

    (318,846
    )

    (7,543
    )
  
    Other income (expense):

    Interest income on Trust Account

    876,657

    876,657

    -

    Share based compensation expense

    (559,000
    )

    (559,000
    )

    -

    Net other income

    317,657

    317,657

    -

    Net income (loss)
     
    $
    91,073