Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 78

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 78
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 fiduciary duties, as to which blank   
 check company they choose to pursue a business combination and the order in which they pursue business combinations for any future  
 blank check companies. As a result, our sponsor, officers and directors may pursue business combinations for blank check companies  
 that it may sponsor in any order, which could result in its more recent blank check companies completing business combinations      
 prior to its blank check companies that were launched earlier. Any such companies, businesses or investments may present additional 
 conflicts of interest in pursuing an initial business combination target.                                                           
 Our sponsor and members of our management team will directly or indirectly own our                                                  
 securities following this offering, and accordingly, they may have a conflict of interest in determining whether a particular       
 target business is an appropriate business with which to effectuate our initial business combination, including the fact that       
 they may lose their entire investment in us if our initial business combination is not completed, except to the extent they receive 
 liquidating distributions from assets outside the trust account. Upon the closing of this offering, our sponsor will have invested  
 in us an aggregate of $5,025,000 (assuming no exercise of the underwriters’ over-allotment option), comprised of the $25,000        
 purchase price for the founder shares (or approximately $0.003 per share) and the $5,000,000 purchase price for the private units   
 (or $10.00 per unit). Accordingly, our management team may be more willing to pursue a business combination with a riskier or       
 less-established target business than would be the case if our sponsor had paid the same per share price for the founder shares     
 as our public shareholders paid for their public shares, as our sponsor and members of our management team would likely not receive 
 any financial benefit unless we consummated such business combination. These interests of our officers and directors may affect     
 the consideration paid, terms, conditions and timing relating to a business combination in a way that conflicts with the interests  
 of our public shareholders.                                                                                                         |

<div align='center'>47</div>

| Additionally, the personal and financial interests                                                                                 
 of our directors and officers may influence their motivation in timely identifying and pursuing                                    
 an initial business combination or completing our initial business combination. The different                                      
 timelines of competing business combinations could cause our directors and officers to prioritize                                  
 a different business combination over finding a suitable acquisition target for our business                                       
 combination. For example, if two targets are being evaluated by our management team, and                                           
 one is