Company: KOYNU
Filing Date: 2025-07-08
Form Type: S-1/A
Source: 0001829126-25-004923
Chunk: 389

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-08
Form: S-1/A
Chunk 389
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 conducted our audits in accordance with the standards of the PCAOB and in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Elliott Davis, PLLC

We have served as the Company’s auditor since 2024.

Charlotte, North Carolina

June 18, 2025

<div align='center'>F-2</div>

<div align='center'>CSLM Digital Asset Acquisition Corp III, Ltd

BALANCE SHEETS</div>

| ASSETS                                                                                                                                                                        |     | March 31, 
 2025      |         |   |     | December 31, 
 2024         |         |   |
|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:----------|--------:|:--|:----|:-------------|--------:|:--|
| Current asset – cash                                                                                                                                                          |     | $         |  25,000 |   |     | $            |       - |   |
| Deferred offering costs                                                                                                                                                       |     |           |  85,281 |   |     |              |  35,480 |   |
| Total Assets                                                                                                                                                                  |     | $         | 110,281 |   |     | $            |  35,480 |   |
| LIABILITIES AND SHAREHOLDER’S DEFICIT                                                                                                                                         |     |           |         |   |     |              |         |   |
| Current liabilities:                                                                                                                                                          |     |           |         |   |     |              |         |   |
|