Company: KOYNU
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001829126-25-009093
Chunk: 56

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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 the Class A ordinary shares subject to possible redemption was treated as dividends paid to the public shareholders. Subsequent to calculating the total income (loss) allocable to both sets of shares, the Company split the amount to be allocated using the total number of shares outstanding for each share class at each respective period, before and after redemptions and conversions, for the three and nine months ended September 30, 2025, reflective of the respective participation rights. There were no redeemable Class A ordinary shares or non-redeemable Class A and Class B ordinary shares outstanding as of December 31, 2024.

    10

The following tables reflect the calculation of basic and diluted net income (loss) per ordinary shares for the three and nine months ended September 30, 2025 (in dollars, except per share amounts):

    Schedule of basic and diluted net income (loss) per ordinary shares

    For theThree Months Ended September 30,2025

    Net income
     
    $
    91,073

    Remeasurement of temporary equity to redemption value

    (20,274,401
    )
  
    Net loss including remeasurement of temporary equity to redemption value
     
    $
    (20,183,328
    )

    For the Three Months Ended September 30, 2025

    Class A & BNon-Redeemable

    Class ARedeemable

    Total number of shares

    8,557,917

    23,000,000

    Basic and diluted net income (loss) per share

    Numerator:

    Allocation of net loss including remeasurement of temporary equity to redemption value based on ownership percentage
     
    $
    (5,917,209
    )
     
    $
    (14,266,119
    )
  
    Deemed dividend for remeasurement of temporary equity to redemption value

    -

    20,274,401

    Total net income (loss) allocated by class
     
    $
    (5,917,209
    )
     
    $
    6,008,282

    Denominator:

    Weighted-average shares outstanding

    7,996,042

    8,500,000

    Basic and diluted net (loss) income per share
     
    $
    (0.74
    )
     
    $
    0.71

    For the Nine