CSLM Digital Asset Acquisition Corp III, Ltd (KOYN) Form 10-Q — May 14, 2026
CSLM Digital Asset Acquisition Corp III, Ltd (KOYN) reported net income of $1.34 million for the three months ended March 31, 2026, driven primarily by $2.05 million in interest income earned on its trust account. The company remains in pre-deal status with no business combination target selected and no operating revenues generated to date. As of March 31, 2026, the company held $235.3 million in its trust account and $2.8 million in cash and cash equivalents outside the trust. Management disclosed a material weakness in internal controls over financial reporting, noting a lack of properly designed and implemented controls, though a remediation plan is underway.
Key figures
- Net Income
- 1343177
- Total Assets
- 238272098
- Cash Position
- 2802146
- Working Capital
- 2288673
- Interest Income Trust
- 2046728
- Trust Account Balance
- 235300119
- Class AShares Redeemable
- 23000000
- Class BShares Outstanding
- 7666667
- Class AShares Non Redeemable
- 891250
Price after filing
Close on the filing date to close N calendar days later (from $10.11). Historical, not a forecast.
AI analysis
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