KOYN
CSLM Digital Asset Acquisition Corp III, Ltd9.93
-0.01-0.1%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
313.37MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
8-K
KOYN LOI with FDUSD issuer
KOYN, a SPAC, signed a non-binding LOI with First Digital, issuer of FDUSD—the #3 traded stablecoin—for a potential business combination announced December 2, 2025. First Digital eyes $80-90 million 2025 revenue, with FDUSD hitting $4.4 billion peak market cap and $2 trillion cumulative volume. Deal needs due diligence, approvals. No definitive terms yet.
10-Q
Q3 FY2025 results
CSLM Digital Asset Acquisition Corp III completed its IPO on August 28, 2025, raising $230M in a fully exercised 23M-unit offering at $10 per unit, with proceeds parked in a Trust Account now at $230.9M including $876,657 interest earned YTD. Operating losses hit $319K YTD on formation and admin costs, offset by $559K share-based compensation to directors, yet Q3 netted $91K profit. Cash outside trust stands at $3.5M with no debt. Solid trust preserves value. No target yet. Sponsor lock-up curbs flips.
8-K
SPAC adds crypto-experienced co-CEOs
CSLM Digital Asset Acquisition Corp III reshuffled leadership on November 10, 2025: CEO Charles T. Cassel III stepped down to the board, while Vikas Mittal added Co-CEO duties and Ryan Gentry joined as Co-CEO and CIO. Both signed consulting pacts—$12,500 and $17,500 monthly—for SPAC deal hunting and admin support, auto-ending at business combination. New team brings crypto deal savvy. No disagreements spurred exits.
8-K
SPAC enables unit separation
CSLM Digital Asset Acquisition Corp III announced that starting September 19, 2025, holders of its 23 million units from the August 28 IPO—sold at $10 each for $230 million gross—can separate and trade Class A ordinary shares under KOYN and warrants under KOYNW on Nasdaq, while unseparated units remain KOYNU. This boosts liquidity for the SPAC hunting targets in tech, financial services, and media within frontier growth markets. No fractional warrants issued. Forward-looking statements highlight risks in pursuing a business combination.
8-K
IPO closes with $230M trust
CSLM Digital Asset Acquisition Corp III closed its IPO on August 28, 2025, selling 23 million units at $10 each for $230 million in gross proceeds, plus a $8.9 million private placement to its sponsor and underwriter. The funds, net of commissions, sit in a trust account to fuel a digital asset business combination within 24 months. Auditors flag going concern doubts from acquisition costs. Private units lock up until post-deal.
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