Overview
- TickerKOYN on Nasdaq1
- IndustryBlank Checks1
- HeadquartersE91
- Incorporated inCayman Islands3
- Business addressCassia Court, Camana Bay Suite 716, 10 Market Street, Grand Cayman, Ky1-90063
- Filer category, Emerging growth company3
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CSLM Digital Asset Acquisition Corp III, Ltd (“we”, “us”, “our” and the “Company”) is a blank check company incorporated in the Cayman Islands as an exempted company on July 26, 2024 for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this Annual Report as our initial business combination. While we may pursue an initial business combination in any business or industry, we expect to focus on sectors aligned with the ongoing digitization of financial infrastructure. These include digital assets, Web3 technologies, financial services infrastructure, and other blockchain-driven business models. Additionally, we will maintain a strong emphasis on companies based in or focused on emerging and frontier markets.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 1 fiscal year, latest first.2
| Period ending | 2025-12-31 |
|---|---|
| Formation, general and administrative expenses | $799.7K |
| Insurance expense | $25.9K |
| Listing fees | $35.4K |
| Net loss from operations | -$861.1K |
| Interest income on Trust Account | $3.3M |
| Interest income on money market mutual fund | $14.6K |
| Share based compensation expense | -$559.0K |
| Net other income | $2.7M |
| Net income (loss) | $1.8M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash and cash equivalents | $3.1M | $0 |
| Prepaid expenses current | $75.0K | |
| Total current assets | $3.2M | |
| Treasury Securities held in Trust Account | $233.3M | $0 |
| Prepaid expenses non-current | $49.1K | |
| Deferred offering costs | $35.5K | |
| Total non-current assets | $233.3M | $35.5K |
| Total Assets | $236.5M | $35.5K |
| Accounts payable | $104.0K | |
| Accrued expenses | $105.5K | $11.4K |
| Accrued offering costs | $35.5K | |
| Promissory note related party | $11.4K | |
| Total current liabilities | $209.6K | $58.3K |
| Deferred underwriting commissions | $9.2M | |
| Total non-current liabilities | $9.2M | |
| Total Liabilities | $9.4M | $58.3K |
| 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 | $233.3M | |
| Accumulated deficit | -$6.2M | -$22.8K |
| Total Shareholders Deficit | -$6.2M | -$22.8K |
| Total Liabilities, Class A Ordinary Shares Subject to Redemption, and Shareholders Deficit | $236.5M | $35.5K |
| Preference stock, par value | $0.00 | $0.00 |
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares |
| Preferred stock, shares issued | 0 shares | 0 shares |
| Preferred stock, shares outstanding | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash and cash equivalents | $3.1M | $0 |
| Prepaid expenses current | $75.0K | |
| Total current assets | $3.2M | |
| Treasury Securities held in Trust Account | $233.3M | $0 |
| Prepaid expenses non-current | $49.1K | |
| Deferred offering costs | $35.5K | |
| Total non-current assets | $233.3M | $35.5K |
| Total Assets | $236.5M | $35.5K |
| Accounts payable | $104.0K | |
| Accrued expenses | $105.5K | $11.4K |
| Accrued offering costs | $35.5K | |
| Promissory note related party | $11.4K | |
| Total current liabilities | $209.6K | $58.3K |
| Deferred underwriting commissions | $9.2M | |
| Total non-current liabilities | $9.2M | |
| Total Liabilities | $9.4M | $58.3K |
| 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 | $233.3M | |
| Accumulated deficit | -$6.2M | -$22.8K |
| Total Shareholders Deficit | -$6.2M | -$22.8K |
| Total Liabilities, Class A Ordinary Shares Subject to Redemption, and Shareholders Deficit | $236.5M | $35.5K |
| Preference stock, par value | $0.00 | $0.00 |
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares |
| Preferred stock, shares issued | 0 shares | 0 shares |
| Preferred stock, shares outstanding | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 1 fiscal year, latest first.2
| Period ending | 2025-12-31 |
|---|---|
| Net income (loss) | $1.8M |
| Interest income on Trust Account | -$3.3M |
| Share based compensation expense | $559.0K |
| Prepaid expenses | -$124.1K |
| Accounts payable | $104.0K |
| Accrued expenses | $94.1K |
| Due from related party | $2.3K |
| Net cash used in operating activities | -$770.1K |
| Investment in Trust Account | -$230.0M |
| Net cash used in investing activities | -$230.0M |
| Proceeds from sale of Units | $230.0M |
| Proceeds from sale of Private Placement Units | $8.9M |
| Payment of underwriter fees and commissions | -$4.7M |
| Proceeds from issuance of Class B ordinary shares | $25.0K |
| Proceeds from promissory note related party | $259.0K |
| Payment of promissory note related party | -$272.7K |
| Payment of offering costs | -$345.4K |
| Net cash provided by financing activities | $233.9M |
| Net change in cash and cash equivalents | $3.1M |
| Initial fair value of Class A ordinary shares subject to possible redemption | $210.6M |
| Remeasurement of Class A ordinary shares to redemption value | $22.7M |
No quarter-by-quarter statement was filed.
Compare CSLM Digital Asset Acquisition Corp III, Ltd with another company
Corporate structure
CSLM Digital Asset Acquisition Corp III, Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of CSLM Digital Asset Acquisition Corp III, Ltd
- JPMorgan Chase Filed SCHEDULE 13G/A on CSLM Digital Asset Acquisition Corp III, Ltd, latest Jul 22, 2026 (2 filings since Oct 31, 2025)
- Verition Fund Management LLC Filed SCHEDULE 13G/A on CSLM Digital Asset Acquisition Corp III, Ltd, latest May 15, 2026 (2 filings since Feb 13, 2026)
- AQR CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on CSLM Digital Asset Acquisition Corp III, Ltd, latest May 13, 2026 (2 filings since Nov 13, 2025)
- GLAZER CAPITAL, LLC Filed SCHEDULE 13G on CSLM Digital Asset Acquisition Corp III, Ltd, latest Feb 12, 2026
- CSLM Acquisition Sponsor II, Ltd Filed SCHEDULE 13G on CSLM Digital Asset Acquisition Corp III, Ltd, latest Oct 17, 2025
- CSLM Digital Asset Acquisition Corp III, Ltd E9
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What CSLM Digital Asset Acquisition Corp III, Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $02 Dec 31, 2024 |
Properties, in its own words
We currently maintain our executive offices at 2400 E. Commercial Boulevard, Suite 900, Ft. Lauderdale, FL 33308. The cost for this space is included in the $30,000 per month fee that we will pay our Sponsor for company administration, office space, utilities, and secretarial and administrative support. We consider our current office space adequate for our current operations.
Item 2 of the 10-K filed Mar 19, 2026.4
Leadership
Who has led CSLM Digital Asset Acquisition Corp III, Ltd, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
- Chief executive officerCharles T. Cassel Iii. Aug 26, 2025 to Nov 12, 20257
- Chief executive officerRyan Gentry Nov 12, 2025 to now8
- ChairVikas Mittal Aug 26, 2025 to now9
- Chief financial officerVikas Mittal Aug 26, 2025 to now9
Board members and other officers (6)
- Board memberBrian Benjamin Rudick Aug 26, 2025 to now10
- Board memberChristopher Bradley Aug 26, 2025 to now11
- Board memberDanel Calvillo Armendariz Aug 26, 2025 to now12
- Board memberJim Kyung Soo Liew Aug 26, 2025 to now13
- Board memberJonathan Binder Aug 26, 2025 to now14
- Board memberMathew August Sep 8, 2025 to now15
Former names
- CSLM Acquisition Corp II, LtdMay 15, 2025 to May 15, 20253
Timeline
- Oct 7, 20268-K Entered a material agreement; Regulation FD disclosure16
- Apr 9, 20268-K Other events17
- Dec 4, 20258-K Financial statements and exhibits18
- Dec 2, 20258-K Regulation FD disclosure19
- Nov 12, 2025New chief executive Ryan Gentry becomes CEO8
- Nov 12, 20258-K Entered a material agreement; Executive or director change20
- Sep 16, 20258-K Other events21
- Sep 4, 20258-K Other events22
- Aug 28, 20258-K Entered a material agreement; Unregistered sale of shares; Executive or director change23
- Aug 26, 2025New chief executive Charles T. Cassel Iii. becomes CEO7
Filings
65 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 8 major events, 14 insider forms, 8 large holders, 31 other. The latest 20:
- Oct 7, 2026425 EDGAR
- Oct 7, 2026PRE 14A EDGAR
- Oct 7, 2026425 EDGAR
- Oct 7, 2026425 EDGAR
- Oct 7, 20268-K EDGAR
- Aug 13, 202610-Q EDGAR
- Jul 22, 2026SCHEDULE 13G/A EDGAR
- Jun 24, 2026425 EDGAR
- Jun 8, 2026425 EDGAR
- May 18, 2026425 EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
- May 14, 202610-Q EDGAR
- May 13, 2026SCHEDULE 13G/A EDGAR
- Apr 9, 20268-K EDGAR
- Mar 19, 202610-K EDGAR
- Feb 13, 2026SCHEDULE 13G EDGAR
- Feb 12, 2026SCHEDULE 13G EDGAR
- Dec 17, 2025425 EDGAR
- Dec 17, 2025425 EDGAR
- Dec 4, 2025425 EDGAR
The 65 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
4 open-market trades by officers, directors and large owners since October 2021: 4 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 28, 2025 | Mittal VikasChairman and CFO | Buy | 575,000 | Form 4 | ||
| Aug 28, 2025 | Binder JonathanDirector | Buy | 575,000 | Form 4 | ||
| Aug 28, 2025 | CSLM Acquisition Sponsor II, Ltd10% owner | Buy | 575,000 | Form 4 | ||
| Aug 28, 2025 | Cassel Charles T. IIIChief Executive Officer | Buy | 575,000 | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- JPMorgan ChaseSCHEDULE 13G/A, 2 filings Oct 31, 2025 to Jul 22, 202624
- Verition Fund Management LLCSCHEDULE 13G/A, 2 filings Feb 13, 2026 to May 15, 202625
- AQR CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Nov 13, 2025 to May 13, 202626
- GLAZER CAPITAL, LLCSCHEDULE 13G, 1 filing Feb 12, 202627
- CSLM Acquisition Sponsor II, LtdSCHEDULE 13G, 1 filing Oct 17, 202528
SEC filer profile
How CSLM Digital Asset Acquisition Corp III, Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARCSLM Digital Asset Acquisition Corp III, Ltd1
- CIK0002068454
- Employer ID (EIN)00-00000004
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)6770 Blank Checks1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business addressCassia Court, Camana Bay Suite 716, 10 Market Street, Grand Cayman, KY1-9006, Cayman Islands1
- Phone212-207-00901
- Shares outstanding23,891,250 Common Class A shares; 7,666,667 Common Class B shares as of Mar 16, 20264
- Public float$0 as of Jun 30, 20252
- AuditorElliott Davis, PLLC, Charlotte, North Carolina PCAOB ID 149; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceMay 15, 20251
- Filings65 in all: 3 (10), 425 (10), 8-K (7), CORRESP (6), SCHEDULE 13G (5), 4 (4), S-1/A (4), UPLOAD (4)1
All 19 form types
10-Q (3), SCHEDULE 13G/A (3), 10-K (1), 424B4 (1), 8-A12B (1), 8-K/A (1), CERT (1), DRS (1), EFFECT (1), PRE 14A (1), S-1 (1)
- Latest filingsAnnual report (10-K) Mar 19, 2026
Quarterly report (10-Q) Aug 13, 2026
Latest 8-K (8-K) Oct 7, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Units, each consisting of one Class A ordinary share, par value $0.0001 per share, and one-half of one redeemable warrant | KOYNU | Nasdaq |
| Class A ordinary shares, par value $0.0001 per share | KOYN | Nasdaq |
| Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share | KOYNW | Nasdaq |
From the cover page of the 10-K filed Mar 19, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
Legal proceedings
We may be subject to legal proceedings, investigations and claims incidental to the conduct of our business from time to time. We are not currently a party to any material litigation or other legal proceedings brought against us. We are also not aware of any legal proceeding, investigation or claim, or other legal exposure that has a more than remote possibility of having a material adverse effect on our business, financial condition or results of operations.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8SEC EDGARRyan Gentry, Chief executive officer
- 9SEC EDGARVikas Mittal, Chair
- 10SEC EDGARBrian Benjamin Rudick, Board member
- 11SEC EDGARChristopher Bradley, Board member
- 12
- 13SEC EDGARJim Kyung Soo Liew, Board member
- 14SEC EDGARJonathan Binder, Board member
- 15SEC EDGARMathew August, Board member
- 16
- 17SEC EDGAROther events
- 18SEC EDGARFinancial statements and exhibits
- 19SEC EDGARRegulation FD disclosure
- 20
- 21SEC EDGAROther events
- 22SEC EDGAROther events
- 23
- 24
- 25
- 26
- 27
- 28