K
CSLM Digital Asset Acquisition Corp III, Ltd
KOYNUCIK 0002068454NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthBlank ChecksE9FY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$1.85M
Total Assets
$236.49M
Equity
$-6.18M
Shares Out
—
Op. Cash Flow
$-770.1K
Business
CSLM Digital Asset Acquisition Corp III, Ltd is a foreign private issuer in Blank Checks, headquartered in the United States. Shares trade on Nasdaq under the ticker KOYN.
Auto-generated from company profile
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Formation, general and administrative expenses | 799,744 | |
| Insurance expense | 25,890 | |
| Listing fees | 35,417 | |
| Net loss from operations | −861,051 | |
| Interest income on Trust Account | 3 | |
| Interest income on money market mutual fund | 14,607 | |
| Share based compensation expense | −559,000 | |
| Net other income | 3 | |
| Net income (loss) | 2 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-07-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 3 | 0 | — | |
| Prepaid expenses current | 75,000 | — | — | |
| Total current assets | 3 | — | — | |
| Treasury Securities held in Trust Account | 233 | 0 | — | |
| Prepaid expenses non-current | 49,110 | — | — | |
| Deferred offering costs | — | 35,480 | — | |
| Total non-current assets | 233 | 35,480 | — | |
| Total Assets | 236 | 35,480 | — | |
| Accounts payable | 104,043 | — | — | |
| Accrued expenses | 105,515 | 11,426 | — | |
| Accrued offering costs | — | 35,480 | — | |
| Promissory note related party | — | 11,394 | — | |
| Total current liabilities | 209,558 | 58,300 | — | |
| Deferred underwriting commissions | 9 | — | — | |
| Total non-current liabilities | 9 | — | — | |
| Total Liabilities | 9 | 58,300 | — | |
| Class A ordinary shares, $0.0001 par value; 445,000,000 shares authorized, 23,000,000 and 0 shares subject to possible redemption issued and outstanding at redemption value as of December 31, 2025 and 2024, respectively | 233 | — | — | |
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of December 31, 2025 and 2024, respectively | — | — | — | |
| Additional paid-in capital | — | — | — | |
| Accumulated deficit | −6 | −22,820 | — | |
| Total Shareholders Deficit | −6 | −22,820 | — | |
| Total Liabilities, Class A Ordinary Shares Subject to Redemption, and Shareholders Deficit | 236 | 35,480 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Formation, general and administrative expenses paid by Sponsor under promissory note related party | — | |
| Prepaid expenses | −124,110 | |
| Accounts payable | 104,043 | |
| Accrued expenses | 94,089 | |
| Due from related party | 2,322 | |
| Net cash used in operating activities | −770,100 | |
| Investment in Trust Account | −230 | |
| Net cash used in investing activities | −230 | |
| Proceeds from sale of Units | 230 | |
| Proceeds from sale of Private Placement Units | 9 | |
| Payment of underwriter fees and commissions | −5 | |
| 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 | 234 | |
| Net change in cash and cash equivalents | 3 | |
| Initial fair value of Class A ordinary shares subject to possible redemption | 211 | |
| Remeasurement of Class A ordinary shares to redemption value | 23 | |
| Deferred offering costs included in accrued offering costs | — |
Filings
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