CSLM Digital Asset posts 2025 PFIC statement
CSLM Digital Asset Acquisition Corp III, Ltd has made its PFIC Annual Information Statement for fiscal year 2025 available on its website and as Exhibit 99.1 to a current report.
Rhea-AI Filing Summary
CSLM Digital Asset Acquisition Corp III, Ltd has made its PFIC Annual Information Statement for fiscal year 2025 available on its website and as Exhibit 99.1 to a current report. The statement supports U.S. shareholders in preparing Form 8621 related to passive foreign investment company tax rules.
The PFIC statement reports ordinary earnings of $0.0011226332 per share per day and no net capital gain per share per day. It also notes no cash and no fair market value of property for PFIC reporting purposes. Investors are advised to consult their own tax advisors regarding application of the PFIC rules.
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Ordinary earnings per share per day: $0.0011226332
Net capital gain per share per day: None
Cash for PFIC purposes: None
+3 more
6 metrics
Ordinary earnings per share per day
$0.0011226332
PFIC Annual Information Statement for fiscal year 2025
Net capital gain per share per day
None
PFIC Annual Information Statement for fiscal year 2025
Cash for PFIC purposes
None
PFIC Annual Information Statement additional information
Fair market value of property
None
PFIC Annual Information Statement additional information
Warrant exercise price
$11.50 per share
Warrants exercisable for one Class A ordinary share
Class A par value
$0.0001 per share
Class A ordinary shares description
Key Terms
PFIC Annual Information Statement, Passive Foreign Investment Company, Form 8621, Qualified Electing Fund, +1 more
5 terms
PFIC Annual Information Statement financial
"CSLM DIGITAL ASSET ACQUISITION CORP III, LTD PFIC Annual Information Statement"
Passive Foreign Investment Company financial
"Name of Passive Foreign Investment Company: CSLM Digital Asset Acquisition Corp III, Ltd"
A passive foreign investment company (PFIC) is a foreign corporation that, under U.S. tax rules, earns mostly passive income (like dividends, interest, rents, or royalties) or holds mostly passive assets. For U.S. investors, owning stock in a PFIC can trigger special, often punitive tax treatment and extra reporting requirements, which can raise the investor’s tax bill and reduce after‑tax returns—think of an unexpected tax surcharge that changes the real payoff of the investment.
Form 8621 financial
"In order to assist in the preparation of Form 8621, the above-named entity provides the following information"
Qualified Electing Fund financial
"Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund"
A qualified electing fund (QEF) is a foreign investment vehicle that provides enough annual tax information so a U.S. investor can choose to be taxed each year on their share of the fund’s income. Making this election is like agreeing to pay a modest, regular bill instead of risking a large, punitive charge later: it changes when and how income is taxed, reducing surprise penalties and making after‑tax returns and tax planning more predictable for investors.
InLine XBRL technical
"Cover Page Interactive Data File (embedded within the InLine XBRL document)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
FAQ
What did CSLM Digital Asset Acquisition Corp III (KOYN) announce in this 8-K?
CSLM Digital Asset Acquisition Corp III made its 2025 PFIC Annual Information Statement available on its website and as Exhibit 99.1. This helps U.S. shareholders gather required data for Form 8621 related to passive foreign investment company tax reporting.
What cash and property values are disclosed in CSLM Digital Asset’s PFIC statement?
The PFIC statement reports no cash and no fair market value of property for PFIC reporting purposes. These disclosures are part of the information provided to help U.S. shareholders complete IRS Form 8621 for the 2025 fiscal year accurately.
Where can KOYN investors access CSLM Digital Asset’s 2025 PFIC Annual Information Statement?
Investors can access the 2025 PFIC Annual Information Statement on the company’s website at www.koynspac.com and as Exhibit 99.1 to the current report. The company also encourages shareholders to consult their own tax advisors regarding PFIC rule application.
What U.S. tax form is CSLM Digital Asset’s PFIC statement intended to support?
The PFIC Annual Information Statement is intended to assist U.S. shareholders in preparing IRS Form 8621. That form is the Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund, required for certain foreign investment holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
