CSLM Digital Asset Acquisition Corp III, Ltd filed its quarterly report on Form 10-Q with the SEC on August 13, 2026, covering the period ended June 30, 2026, disclosing balance sheet data, income figures, and trust account balances for the blank-check acquisition company listed on NASDAQ:KOYN.

Key Highlights

  • Total assets: The company reported total assets of $240,010,800 as of June 30, 2026, compared to $236,485,789 as of December 31, 2025.
  • Trust account: Treasury Securities held in the Trust Account totaled $237,411,325 as of June 30, 2026, up from $233,253,391 at year-end 2025.
  • Net income: The company reported net income of $2,852,544 for the six months ended June 30, 2026, compared to a net loss of $92,262 for the same period in 2025.
  • Trust interest income: Interest income on the Trust Account was $4,157,934 for the six months ended June 30, 2026.
  • Accumulated deficit: Shareholders' deficit stood at $(7,482,550) as of June 30, 2026, widening from $(6,177,160) at December 31, 2025.
  • Deferred underwriting commissions: Non-current liabilities included $9,200,000 in deferred underwriting commissions, unchanged from year-end 2025.

Financial Position and Operating Results for CSLM Digital Asset Acquisition Corp III

According to the filing, CSLM Digital Asset Acquisition Corp III, Ltd is a Cayman Islands-incorporated blank-check company and self-described shell company, registered on NASDAQ:KOYN, with its principal executive offices in Ft. Lauderdale, Florida. The company has three classes of securities listed on the Nasdaq Stock Market LLC: units (KOYNU), Class A ordinary shares (KOYN), and warrants (KOYNW), with each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share.

For the three months ended June 30, 2026, the filing reported a net operating loss of $623,674, driven by formation, general and administrative expenses of $583,725, insurance expense of $18,699, and listing fees of $21,250. Interest income on the Trust Account of $2,111,206 and interest income on a money market mutual fund of $21,835 resulted in net income of $1,509,367 for the quarter, the company disclosed. For the six months ended June 30, 2026, net income was $2,852,544, with trust interest income of $4,157,934 offsetting a net operating loss of $1,352,700.

The balance sheet as of June 30, 2026, showed cash and cash equivalents of $2,469,590, down from $3,108,288 at December 31, 2025. The company reported net cash used in operating activities of $638,698 for the six months ended June 30, 2026. As reported in the filing, 23,000,000 Class A ordinary shares were subject to possible redemption and carried at their redemption value of $237,411,325, while 891,250 Class A ordinary shares and 7,666,667 Class B ordinary shares were held outside the redemption pool. The accumulated deficit widened to $(7,483,406) as of June 30, 2026, from $(6,178,016) at the start of the year, reflecting accretion of Class A ordinary shares to redemption value totaling $4,157,934 for the period.

What Was Disclosed

The filing is a quarterly report for the period ended June 30, 2026, covering the financial statements, balance sheet, and cash flow data of CSLM Digital Asset Acquisition Corp III, a blank-check shell company listed on NASDAQ:KOYN pursuing a digital asset acquisition strategy.