Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 380

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 380
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 prospectus is not a prospectus
for the purposes of the Prospectus Regulation (as defined below). This prospectus and any offer if made subsequently is directed only
at persons in Member States of the European Economic Area (the “EEA”) or in the United Kingdom (the “UK”) (each,
a “Relevant State”) who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation.
This prospectus has been prepared on the basis that any offer of our securities in any Relevant State will be made pursuant to an exemption
under the Prospectus Regulation from the requirement to publish a prospectus for offers of our securities. Accordingly any person making
or intending to make an offer in that Relevant State of our securities which are the subject of the offering contemplated in this prospectus
may only do so in circumstances in which no obligation arises for the Company or any of the underwriter to publish a prospectus pursuant
to Article 3 of the Prospectus Regulation in relation to such offer. Neither we nor the underwriter has authorized, nor do we or they
authorize, the making of any offer of our securities in circumstances in which an obligation arises for us or the underwriter to publish
a prospectus for such offer. The expression “Prospectus Regulation” means Regulation (EU) 2017/1129.

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In relation to each Relevant
State, no offer of our securities which are the subject of the offering contemplated by this prospectus to the public may be made in
that Relevant State other than:

| (a) | to any legal entity which is a qualified investor as defined in the Prospectus Regulation; |

| (b) | to fewer than 150 natural or legal persons (other than qualified investors as defined in the Prospectus                            
 Regulation), subject to obtaining the prior consent of the relevant underwriter or underwriter nominated by us for any such offer; 
 or                                                                                                                                 |

| (c) | in any other circumstances falling within Article 1(4) of the Prospectus Regulation, provided that                                  
 no such offer of our securities shall require us or any underwriter to publish a prospectus pursuant to Article 3 of the Prospectus 
 Regulation.                                                                                                                         |

For the purposes of this provision,
the expression an “offer of our securities to the public” in relation to our securities in any Relevant State means the communication
in any form and by any means of sufficient information on the terms of the offer and our