Company: KOYNU
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001829126-25-009093
Chunk: 72

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 72
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 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

    Risk-free rate

    3.92
    %
  
    Estimated implied volatility

    2.20
    %
  
    Calculated value per warrant
     
    $
    0.24

    Market adjustment

    42.63
    %

The fair value of the Class B ordinary shares is $5.59 per ordinary share on July 25, 2025, the grant date of the 100,000 Class B ordinary shares transferred to the Company’s directors. The fair value of the Class B ordinary shares was determined by applying a discount for lack of marketability (“DLOM