Company: KOYNU
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001829126-25-009093
Chunk: 3

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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    $
    -

    $
    (7,543
    )
     
    $
    (7,543
    )

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

3

CSLM Digital Asset Acquisition Corp III, Ltd

CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)

    Nine Months Ended September 30, 2025

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

    Cash Flows from Operating Activities:

    Net loss
     
    $
    (1,189
    )
     
    $
    (7,543
    )
  
    Adjustments to reconcile net loss to net cash used in operating activities:

    Formation, general and administrative expenses paid by Sponsor under promissory note – related party

    -

    7,543

    Interest income on Trust Account

    (876,657
    )

    -

    Share based compensation expense

    559,000

    -

    Changes in operating assets and liabilities:

    Prepaid expenses

    (168,874
    )

    -

    Accounts payable

    112,333

    -

    Accrued expenses

    23,413

    -

    Net cash used in operating activities

    (351,974
    )

    -

    Cash Flows from Investing Activities:

    Investment in Trust Account

    (230,000,000
    )

    -

    Net cash used in investing activities

    (230,000,000
    )

    Cash Flows from Financing Activities:

    Proceeds from sale of Units

    230,000,000

    -

    Proceeds from sale of Private Placement Units

    8,912,500

    -

    Payment of underwriter fees and commissions

    (4,700,000
    )

    -

    Proceeds from issuance of Class B ordinary shares

    25,000

    -

    Proceeds from promissory note – related party

    259,000

    -

    Payment of promissory note – related party

    (272,716
    )

    -

    Payment of offering costs

    (345,396
    )

    -

    Net cash provided by financing activities

    233,878,388

    -

    Net change in cash

    3,526,414

    -

    Cash – beginning of