CSLM Digital Asset Acquisition SEC Filings

CSLM Digital Asset Acquisition Corp III, Ltd disclosure: Verition Fund Management LLC and Nicholas Maounis report beneficial ownership of 700,000 Class A ordinary shares as of March 31, 2026, representing approximately 2.9% of Class A shares outstanding. The shares are held for Verition Multi-Strategy Master Fund Ltd.

The filing notes each Unit consists of one Class A Ordinary Share and one-half of a redeemable warrant; warrants entitle the holder to purchase one Class A Ordinary Share at $11.50 per share but are not exercisable until 30 days after the issuer's initial business combination. Voting and dispositive power over the 700,000 shares is shared by the Reporting Persons.

CSLM Digital Asset Acquisition Corp III, Ltd reports results for the three months ended March 31, 2026 as a pre‑combination SPAC. The company recorded net income of $1,343,177, driven mainly by $2,046,728 of interest income on U.S. Treasury securities held in its trust account, while incurring a loss from operations of $729,026 from formation, general and administrative, insurance and listing expenses.

Cash and cash equivalents were $2,802,146 and Treasury securities in the trust account totaled $235,300,119, supporting total assets of $238,272,098. The trust holds $10.00 per unit from the IPO of 23,000,000 units, each with one Class A share and half a warrant. Management discloses that recurring operating costs and the limited completion window for a business combination raise substantial doubt about the company’s ability to continue as a going concern absent a successful transaction or additional working capital financing.

CSLM Digital Asset Acquisition Corp III, Ltd reports results for the three months ended March 31, 2026 as a pre‑combination SPAC. The company recorded net income of $1,343,177, driven mainly by $2,046,728 of interest income on U.S. Treasury securities held in its trust account, while incurring a loss from operations of $729,026 from formation, general and administrative, insurance and listing expenses.

Cash and cash equivalents were $2,802,146 and Treasury securities in the trust account totaled $235,300,119, supporting total assets of $238,272,098. The trust holds $10.00 per unit from the IPO of 23,000,000 units, each with one Class A share and half a warrant. Management discloses that recurring operating costs and the limited completion window for a business combination raise substantial doubt about the company’s ability to continue as a going concern absent a successful transaction or additional working capital financing.

AQR Capital Management entities reported beneficial ownership of 1,166,468 shares (Class A ordinary shares) of CSLM Digital Asset Acquisition Corp III, Ltd, representing 4.88% of the class.

The filing is an Amendment No. 1 to a Schedule 13G/A and lists three related filers—AQR Capital Management, LLC; AQR Capital Management Holdings, LLC; and AQR Arbitrage, LLC—with shared voting and dispositive power over the disclosed shares. Signatures are dated 05/13/2026.

AQR Capital Management entities reported beneficial ownership of 1,166,468 shares (Class A ordinary shares) of CSLM Digital Asset Acquisition Corp III, Ltd, representing 4.88% of the class.

The filing is an Amendment No. 1 to a Schedule 13G/A and lists three related filers—AQR Capital Management, LLC; AQR Capital Management Holdings, LLC; and AQR Arbitrage, LLC—with shared voting and dispositive power over the disclosed shares. Signatures are dated 05/13/2026.

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.

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.

CSLM Digital Asset Acquisition Corp III, Ltd is a Cayman Islands-based SPAC focused on digital assets, Web3, financial infrastructure and frontier growth markets. It completed an IPO on August 28, 2025, selling 23,000,000 units at $10.00 each for gross proceeds of $230,000,000, plus a private placement of 891,250 units for $8,912,500.

As of December 31, 2025, $230,000,000 of IPO and private placement proceeds were placed in a trust account, which had grown to $233,253,391, invested mainly in U.S. government securities and money market funds. The company has not begun operations and generated net income of $1,847,947 in 2025, driven by interest on trust investments, while incurring formation and public-company costs.

The SPAC has 24 months from the IPO closing, with potential shareholder-approved extensions up to 36 months, to complete an initial business combination or redeem public shares and liquidate. On December 2, 2025, it signed a non-binding letter of intent with First Digital Group Ltd. for a potential business combination, but there is no assurance that a definitive deal will be reached or completed. Management highlights substantial doubt about the company’s ability to continue as a going concern if no transaction is consummated within the required timeframe.

CSLM Digital Asset Acquisition Corp III, Ltd is a Cayman Islands-based SPAC focused on digital assets, Web3, financial infrastructure and frontier growth markets. It completed an IPO on August 28, 2025, selling 23,000,000 units at $10.00 each for gross proceeds of $230,000,000, plus a private placement of 891,250 units for $8,912,500.

As of December 31, 2025, $230,000,000 of IPO and private placement proceeds were placed in a trust account, which had grown to $233,253,391, invested mainly in U.S. government securities and money market funds. The company has not begun operations and generated net income of $1,847,947 in 2025, driven by interest on trust investments, while incurring formation and public-company costs.

The SPAC has 24 months from the IPO closing, with potential shareholder-approved extensions up to 36 months, to complete an initial business combination or redeem public shares and liquidate. On December 2, 2025, it signed a non-binding letter of intent with First Digital Group Ltd. for a potential business combination, but there is no assurance that a definitive deal will be reached or completed. Management highlights substantial doubt about the company’s ability to continue as a going concern if no transaction is consummated within the required timeframe.

Verition Fund Management LLC and Nicholas Maounis report a 5.1% passive stake in Digital Asset Acquisition Corp III, Ltd. They may be deemed to beneficially own 1,222,466 Class A ordinary shares as of December 31, 2025, held for Verition Multi-Strategy Master Fund Ltd.

All 1,222,466 shares are reported with shared voting and dispositive power and no sole power. The ownership percentage is based on 23,891,250 Class A ordinary shares outstanding as of November 12, 2025. Warrants are excluded because they are not exercisable within 60 days.

The filers certify the shares were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing control of the company.

Verition Fund Management LLC and Nicholas Maounis report a 5.1% passive stake in Digital Asset Acquisition Corp III, Ltd. They may be deemed to beneficially own 1,222,466 Class A ordinary shares as of December 31, 2025, held for Verition Multi-Strategy Master Fund Ltd.

All 1,222,466 shares are reported with shared voting and dispositive power and no sole power. The ownership percentage is based on 23,891,250 Class A ordinary shares outstanding as of November 12, 2025. Warrants are excluded because they are not exercisable within 60 days.

The filers certify the shares were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing control of the company.

Glazer Capital, LLC and Paul J. Glazer report a 5.02% beneficial stake in Digital Asset Acquisition Corp III, Ltd’s Class A ordinary shares. They disclose beneficial ownership of 1,200,000 shares, with shared power to vote and dispose and no sole voting or dispositive power.

The shares are held through funds and managed accounts advised by Glazer Capital. The reporting persons state the holdings are acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Glazer Capital, LLC and Paul J. Glazer report a 5.02% beneficial stake in Digital Asset Acquisition Corp III, Ltd’s Class A ordinary shares. They disclose beneficial ownership of 1,200,000 shares, with shared power to vote and dispose and no sole voting or dispositive power.

The shares are held through funds and managed accounts advised by Glazer Capital. The reporting persons state the holdings are acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

CSLM Digital Asset Acquisition Corp III, Ltd reports that investors in its recently completed IPO can soon trade the securities from its units separately. The company previously completed an IPO of 23,000,000 units at $10.00 per unit, generating gross proceeds of $230,000,000, with each unit containing one Class A ordinary share and one-half of one redeemable warrant.

Effective September 19, 2025, holders may elect to separate their units so that the Class A ordinary shares trade on Nasdaq under the symbol KOYN and the warrants trade under KOYNW, while any units that remain combined will continue to trade under KOYNU. Only whole warrants will trade, and holders must instruct their brokers to work with the transfer agent to complete the separation.