CSLM数字资产收购公司III有限公司-2025年度报告

(Exact name of registrant as specified in its charter) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required by Section13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 month (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered If securities are registered pursuant to Section12(b) of the Act, indicate by check mark whether the financial statements of the At June30, 2025, the last business day of the registrant’s most recently completed second fiscal quarter, the ordinary shares of theregistrant had not started trading on Nasdaq. As of March16, 2026, there were 23,891,250 Class A ordinary shares, par value $0.0001, issued and outstanding, and 7,666,667 ClassB ordinary shares, $0.0001 par value, issued and outstanding. FORWARD LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section27A of the SecuritiesAct of 1933, or the Securities Act, and Section21E of the Securities Exchange Act of 1934, or the Exchange Act. The statementscontained in this report that are not purely historical are forward-looking statements. Our forward-looking statements include, but arenot limited to, statements regarding our or our management’s expectations, hopes, beliefs, intentions or strategies regarding the future.In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including ●our ability to select an appropriate target business or businesses; ●our ability to complete our initial business combination; ●our expectations around the performance of a prospective target business or businesses; ●our success in retaining or recruiting, or changes required in, our officers, key employees or directors following our initial ●our officers and directors allocating their time to other businesses and potentially having conflicts of interest with ourbusinessor in approving our initial business combination,as a result of which they would then receive expensereimbursements; ●our potential ability to obtain additional financing to complete our initial business combination; ●our pool of prospective target businesses; ●the adverse impacts of certain events (such as terrorist attacks, natural disasters or a significant outbreak of infectiousdiseases) on our ability to consummate an initial business combination; ●the ability of our officers and directors to generate a number of potential investment opportunities; ●the potential liquidity and trading of our securities; ●the lack of a market for our securities; ●use of proceeds not held in the trust account or available to us from interest income on the trust account balance; ●the trust account not being subject to claims of third parties; or ●financial performance following our initial public offering. The forward-looking statements contained in this report are based on our current expectations and beliefs concerning futuredevelopments and their potential effects on us. There can be no assurance that future developments affecting us will be those that wehave anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) orother assumptions that may cause actual results or performance to be materially different from those expressed or implied by theseforward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading“Risk Factors.” Should one or more of these risks or uncertainties ma