Company: KOYNU
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001829126-25-009093
Chunk: 64

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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657

    $
    -

    Total Assets
     
    $
    234,574,267

    $
    35,480

The CODM reviews the position of cash available to the Company to assess if the Company has sufficient resources available to discharge its liabilities. The CODM is provided with details of cash and liquid resources available with the Company. The CODM also reviews the amount of cash, cash equivalents, treasury securities, and marketable securities held in Trust Account to assess the amounts available to the Company to effect an initial Business Combination within the Completion Window.

    15

    Schedule of Business
    combination segment

    Three Months
    Ended September 30, 2025

    Nine Months
    Ended September 30, 2025

    For the period from July 26,
                                            2024
                                               (inception) through
                                            September 30,
                                            2025

    Loss from operations
     
    $
    (226,584
    )
     
    $
    (318,846
    )
     
    $
    (7,543
    )
  
    Interest income
     
    $
    876,657

    $
    876,657

    $
    -

    Net income (loss)
     
    $
    91,073

    $
    (1,189
    )
     
    $
    (7,543
    )

The CODM reviews loss from operations to determine if expenditures are in align with budgeted and contractually agreed upon amounts with service providers. Interest income is reviewed to assist in forecasting amounts of cash, cash equivalents, treasury securities, and marketable securities held in the Trust Account to assess amounts available to the Company to effect an initial Business Combination within the Completion Window.

Note 6 — Related Party Transactions

Founder Shares

On January 23, 2025 the Sponsor made capital contributions of $25,000, or approximately $0.004 per share, to cover certain of the Company’s expenses, for which the Company issued 5,750,000 Class B ordinary shares (“founder shares”) to the Sponsor. In March 2025, the Company effected a share capitalization pursuant to which the Company issued an additional 1,916,667 founder shares resulting in an aggregate of 7,666,667 founder shares outstanding to the Sponsor, resulting in a price per share of approximately $0.003 per share. Our Sponsor transferred, pursuant to a Securities Transfer Agreement that closed