CSLM Digital Asset Acquisition Corp III, Ltd

CSLM Digital Asset Acquisition Corp III, Ltd has filed a definitive proxy statement (DEF 14A) announcing its Annual General Meeting scheduled for November 10, 2026. The primary purpose of the meeting is for shareholders to vote on three proposals: a name change to First Digital Acquisition Corp Ltd., an amendment to the company's Articles of Association to reflect this change, and an adjournment proposal. The company is also proceeding with a business combination with First Digital Group Ltd. The Board of Directors unanimously recommends a 'FOR' vote on all proposals. The Sponsor, holding approximately 25.8% of the outstanding shares, also intends to vote in favor.

CSLM Digital Asset Acquisition Corp III (KOYN) reported a net income of $2,852,544 for the six months ended June 30, 2026, primarily driven by interest income from its Trust Account. Despite this, the company's accumulated deficit grew to $(7,483,406), and it faces substantial doubt about its ability to continue as a going concern. The SPAC has not commenced operations and must complete a Business Combination within its Completion Window.

CSLM Digital Asset Acquisition Corp III (KOYN), a blank check company, reported a net income of $1,343,177 for Q1 2026, a significant improvement from a net loss of $31,587 in Q1 2025. This income was primarily driven by $2,046,728 in interest income from its Trust Account, offsetting an increased net loss from operations of $729,026. The company also disclosed substantial doubt about its ability to continue as a going concern, citing significant ongoing costs and the need to complete a business combination or secure working capital loans.

CSLM Digital Asset Acquisition Corp III, Ltd (KOYN) announced the availability of its Passive Foreign Investment Company (PFIC) Annual Information Statement for the fiscal year 2025. This statement, covering the taxable period from August 28, 2025, to December 31, 2025, is provided to assist U.S. shareholders in preparing their tax filings, specifically Form 8621. The company encourages investors to consult their own tax advisors regarding the application of the PFIC rules.