Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 108

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 108
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 public shareholders
may only receive $10.05 per share, or less than such amount in certain circumstances, and our warrants will expire worthless.

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The funds available to us outside of the trust
account may not be sufficient to allow us to operate for at least the completion window, assuming that our initial business combination
is not completed during that time. We believe that, upon the closing of this offering, the funds available to us outside of the trust
account will be sufficient to allow us to operate for at least the completion window; however, we cannot assure you that our estimate
is accurate.

Of the funds available to us, we could use a portion of the funds available
to us to pay fees to consultants to assist us with our search for a target business. We could also use a portion of the funds as a down
payment or to fund a “no-shop” provision (a provision in letters of intent or merger agreements designed to keep target businesses
from “shopping” around for transactions with other companies on terms more favorable to such target businesses) with respect
to a particular proposed initial business combination, although we do not have any current intention to do so. If we entered into a letter
of intent or merger agreement where we paid for the right to receive exclusivity from a target business and were subsequently required
to forfeit such funds (whether as a result of our breach or otherwise), we might not have sufficient funds to continue searching for,
or conduct due diligence with respect to, a target business. If we are unable to complete our initial business combination, our public
shareholders may receive only approximately $10.05 per share on the liquidation of our trust account and our warrants will expire worthless.

Although we identified general criteria and guidelines that we believe are important in evaluating prospective target businesses, we may enter into our initial business combination with a target that does not meet such criteria and guidelines, and as a result, the target business with which we enter into our initial business combination may not have attributes entirely consistent with our general criteria and guidelines.

Although we have identified specific criteria and guidelines for evaluating prospective target businesses, it is possible that a target business with which we enter into our initial business combination will not have all of these positive attributes. If we consummate our initial business combination with a target that does not meet some or all of these guidelines, such combination may not be as successful as a combination with a business that does meet all of our general criteria and guidelines. In addition,