CSLM Digital Asset Acquisition Corp III, Ltd filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 6, 2026.

Key Highlights

  • Trust Account balance: Treasury Securities held in Trust Account totaled $239,535,078 as of September 30, 2026, up from $233,253,391 at December 31, 2025.
  • Net income, Q3 2026: The company reported net income of $1,567,467 for the three months ended September 30, 2026, compared to net income of $91,073 in the same period of 2025.
  • Nine-month net income: Net income for the nine months ended September 30, 2026 was $4,420,011, versus a net loss of $1,189 for the nine months ended September 30, 2025.
  • Shareholders' deficit widened: Total shareholders' deficit was $(8,038,836) as of September 30, 2026, compared to $(6,177,160) at December 31, 2025, driven primarily by accretion of Class A ordinary shares to redemption value.
  • Shares outstanding: As of November 6, 2026, 23,891,250 Class A ordinary shares and 7,666,667 Class B ordinary shares were issued and outstanding, according to the filing.
  • Operating loss: Net loss from operations for the nine months ended September 30, 2026 was $(1,927,450), with formation, general and administrative expenses of $1,807,838 representing the largest component.
  • Cash position: Cash and cash equivalents stood at $1,874,641 as of September 30, 2026, down from $3,108,288 at December 31, 2025.

CSLM Digital Asset Acquisition Corp III Financial Position and Results for the September 2026 Quarter

CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN), a Cayman Islands-incorporated blank check company classified as a shell company, reported its unaudited condensed financial statements for the quarter and nine months ended September 30, 2026. According to the filing, total assets were $241,499,216 as of September 30, 2026, with the overwhelming majority consisting of Treasury Securities held in the Trust Account valued at $239,535,078. Total liabilities were $10,002,974, which included $9,200,000 in deferred underwriting commissions classified as a non-current liability.

The filing disclosed that the company generated interest income on the Trust Account of $2,123,753 in the third quarter of 2026 and $6,281,687 for the nine-month period. This income was the primary driver of net income in both periods, offsetting operating losses attributable to formation, general and administrative expenses, insurance expense, and listing fees. For the nine months ended September 30, 2026, operating expenses totaled $1,927,450. The company also reported $65,774 in interest income on a money market mutual fund for the nine-month period.

The 23,000,000 Class A ordinary shares subject to possible redemption were carried at their redemption value of $239,535,078 on the balance sheet. Accretion of these shares to redemption value reduced accumulated deficit by $6,281,687 over the nine months ended September 30, 2026, contributing to the widening shareholders' deficit. The company identified itself as a non-accelerated filer, smaller reporting company, and emerging growth company in the filing. Accrued expenses rose to $658,049 at September 30, 2026, from $105,515 at December 31, 2025, and a consulting services payable to a related party of $79,901 appeared on the balance sheet for the first time.

What Was Disclosed

The filing covers CSLM Digital Asset Acquisition Corp III's unaudited financial results for the three and nine months ended September 30, 2026, reporting net income of $1,567,467 for the quarter, total assets of $241,499,216, and a Trust Account balance of $239,535,078.