CSLM Digital Asset Acquisition Corp III swings to Q1 profit of $1.34 million
CSLM Digital Asset Acquisition Corp III, Ltd Class A KOYN | 0.00 |
- CSLM Digital Asset Acquisition Corp III posted net income of USD 1.34 million for quarter ended March 31, 2026, swinging from a net loss of USD 31,587 a year earlier.
- Interest income on Trust Account totaled USD 2.05 million, with another USD 25,475 of interest income on a money market mutual fund.
- General and administrative expenses ran USD 689,750, with insurance expense of USD 18,493 and listing fees of USD 20,783.
- Cash and cash equivalents were USD 2.8 million at March 31, 2026, while treasury securities held in Trust Account were USD 235.3 million.
- Management said it expects to incur significant acquisition-related costs, adding these factors raise substantial doubt about ability to continue as a going concern.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CSLM Digital Asset Acquisition Corp III Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-26-005236), on May 14, 2026, and is solely responsible for the information contained therein.
