KOYN · CSLM Digital Asset Acquisition Corp III, Ltd
Substantial doubt about the company's ability to continue as a going concern.
“These conditions raise substantial doubt about the Company's ability to continue as a going concern one year from the issuance date of the financial statements. Management plans to address this uncertainty through an initial Business Combination or through Working Capital Loans (defined in Note 6). There is no assurance that the Company's plans to raise capital or to consummate an initial Business Combination will be successful within the Completion Window. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern one year from the date these financial statements are issued.”View the 10-Q filed May 14, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 3, 4 and 5. Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2025-11-10 | Gentry Ryan |
Co-CEO & CIO |
Other↑
|
No Securities Owned
|
0 |
| 2025-08-28 | Binder Jonathan |
Director, 10% Owner |
Buy↑
Filing footnotes — Warrants to purchase Class A ordinary shares (Indirect)
CSLM Acquisition Sponsor II, Ltd (the "Sponsor"), is the record holder of the private units reflected herein. Each private unit consists of one Class A ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share. The private units were purchased by the Sponsor at $10.00 per unit. The legal and beneficial owners of the Sponsor are: (i) Consilium Investment Capital, Inc., which is owned and controlled by Charles T Cassel III and Jonathan M. Binder and (ii) Samara CSLM, LLC which is owned and controlled by Vikas Mittal. By virtue of their shared control over the manager of the Sponsor, Mr. Cassel, Mr. Binder, and Mr. Mittal may be deemed to beneficially own shares held by the Sponsor. Mr. Binder disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. The warrants included in the private units will become exercisable 30 days after the completion of the issuer's initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation. Mr. Binder disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. Does not include the Class B ordinary shares reported on the Reporting Person's Form 3 that will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination, or earlier at the option of the holders thereof on a one-for-one basis, subject to the adjustments. |
Warrants to purchase Class A ordinary shares
(I)
|
287,500 |
| 2025-08-28 | Cassel Charles T. III |
Chief Executive Officer, 10% Owner |
Buy↑
Filing footnotes — Class A ordinary shares (Indirect)
CSLM Acquisition Sponsor II, Ltd (the "Sponsor"), is the record holder of the private units reflected herein. Each private unit consists of one Class A ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share. The private units were purchased by the Sponsor at $10.00 per unit. The legal and beneficial owners of the Sponsor are: (i) Consilium Investment Capital, Inc., which is owned and controlled by Charles T Cassel III and Jonathan M. Binder and (ii) Samara CSLM, LLC which is owned and controlled by Vikas Mittal. By virtue of their shared control over the manager of the Sponsor, Mr. Cassel, Mr. Binder, and Mr. Mittal may be deemed to beneficially own shares held by the Sponsor. Mr. Cassel disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. |
Class A ordinary shares
(I)
|
575,000 |
| 2025-08-28 | Mittal Vikas |
Director, Chairman and CFO, 10% Owner |
Buy↑
Filing footnotes — Warrants to purchase Class A ordinary shares (Indirect)
CSLM Acquisition Sponsor II, Ltd (the "Sponsor"), is the record holder of the private units reflected herein. Each private unit consists of one Class A ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share. The private units were purchased by the Sponsor at $10.00 per unit. The legal and beneficial owners of the Sponsor are: (i) Consilium Investment Capital, Inc., which is owned and controlled by Charles T Cassel III and Jonathan M. Binder and (ii) Samara CSLM, LLC which is owned and controlled by Vikas Mittal. By virtue of their shared control over the manager of the Sponsor, Mr. Cassel, Mr. Binder, and Mr. Mittal may be deemed to beneficially own shares held by the Sponsor. Mr. Mittal disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. The warrants included in the private units will become exercisable 30 days after the completion of the issuer's initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation. Mr. Mittal disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. Does not include the Class B ordinary shares reported on the Reporting Person's Form 3 that will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination, or earlier at the option of the holders thereof on a one-for-one basis, subject to the adjustments. |
Warrants to purchase Class A ordinary shares
(I)
|
287,500 |
| 2025-08-28 | CSLM Acquisition Sponsor II, Ltd |
10% Owner |
Buy↑
Filing footnotes — Class A ordinary shares (Direct)
Reflects the 575,000 private units acquired by CSLM Acquisition Sponsor II, Ltd, the Issuer's sponsor. Each private unit consists of one Class A ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share, subject to adjustment. The private units were purchased at $10.00 per unit for an aggregate purchase price of $5,750,000. |
Class A ordinary shares
|
575,000 |
| 2025-08-28 | Mittal Vikas |
Director, Chairman and CFO, 10% Owner |
Buy↑
Filing footnotes — Class A ordinary shares (Indirect)
CSLM Acquisition Sponsor II, Ltd (the "Sponsor"), is the record holder of the private units reflected herein. Each private unit consists of one Class A ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share. The private units were purchased by the Sponsor at $10.00 per unit. The legal and beneficial owners of the Sponsor are: (i) Consilium Investment Capital, Inc., which is owned and controlled by Charles T Cassel III and Jonathan M. Binder and (ii) Samara CSLM, LLC which is owned and controlled by Vikas Mittal. By virtue of their shared control over the manager of the Sponsor, Mr. Cassel, Mr. Binder, and Mr. Mittal may be deemed to beneficially own shares held by the Sponsor. Mr. Mittal disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. |
Class A ordinary shares
(I)
|
575,000 |
| 2025-08-28 | Binder Jonathan |
Director, 10% Owner |
Buy↑
Filing footnotes — Class A ordinary shares (Indirect)
CSLM Acquisition Sponsor II, Ltd (the "Sponsor"), is the record holder of the private units reflected herein. Each private unit consists of one Class A ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share. The private units were purchased by the Sponsor at $10.00 per unit. The legal and beneficial owners of the Sponsor are: (i) Consilium Investment Capital, Inc., which is owned and controlled by Charles T Cassel III and Jonathan M. Binder and (ii) Samara CSLM, LLC which is owned and controlled by Vikas Mittal. By virtue of their shared control over the manager of the Sponsor, Mr. Cassel, Mr. Binder, and Mr. Mittal may be deemed to beneficially own shares held by the Sponsor. Mr. Binder disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. |
Class A ordinary shares
(I)
|
575,000 |
| 2025-08-28 | CSLM Acquisition Sponsor II, Ltd |
10% Owner |
Buy↑
Filing footnotes — Warrants to purchase Class A ordinary shares (Direct)
Reflects the 575,000 private units acquired by CSLM Acquisition Sponsor II, Ltd, the Issuer's sponsor. Each private unit consists of one Class A ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share, subject to adjustment. The private units were purchased at $10.00 per unit for an aggregate purchase price of $5,750,000. The warrants included in the private units will become exercisable 30 days after the completion of the issuer's initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation. Does not include the Class B ordinary shares reported on the Reporting Person's Form 3 that will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination, or earlier at the option of the holders thereof on a one-for-one basis, subject to the adjustments. |
Warrants to purchase Class A ordinary shares
|
287,500 |
| 2025-08-28 | Cassel Charles T. III |
Chief Executive Officer, 10% Owner |
Buy↑
Filing footnotes — Warrants to purchase Class A ordinary shares (Indirect)
CSLM Acquisition Sponsor II, Ltd (the "Sponsor"), is the record holder of the private units reflected herein. Each private unit consists of one Class A ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share. The private units were purchased by the Sponsor at $10.00 per unit. The legal and beneficial owners of the Sponsor are: (i) Consilium Investment Capital, Inc., which is owned and controlled by Charles T Cassel III and Jonathan M. Binder and (ii) Samara CSLM, LLC which is owned and controlled by Vikas Mittal. By virtue of their shared control over the manager of the Sponsor, Mr. Cassel, Mr. Binder, and Mr. Mittal may be deemed to beneficially own shares held by the Sponsor. Mr. Cassel disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. The warrants included in the private units will become exercisable 30 days after the completion of the issuer's initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation. Mr. Cassel disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. Does not include the Class B ordinary shares reported on the Reporting Person's Form 3 that will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination, or earlier at the option of the holders thereof on a one-for-one basis, subject to the adjustments. |
Warrants to purchase Class A ordinary shares
(I)
|
287,500 |