Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 224

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 224
---
2)
and 10(b) and Rule 10b-5 of the Exchange Act. A portion of the proceeds we receive from the purchase of the private units will be
placed in the trust account described below.

In addition, although there
are no current plans to do so, in order to facilitate our initial business combination we may issue shares to investors in private placement
transactions (so-called PIPE transactions) and our Sponsor may surrender or forfeit, transfer or exchange its founder shares or private
shares or any of our other securities, including for no consideration, as well as subject any such securities to earn-outs or other restrictions,
or otherwise amend the terms of any such securities or enter into any other arrangements with respect to any such securities.

<div align='center'>130</div>

Pursuant to a registration rights
agreement we will enter into an agreement with each of our initial shareholders on or prior to the closing of this offering, we may be
required to register certain securities for sale under the Securities Act. These holders, and the holders of units issued upon conversion
of working capital loans, if any, are entitled under the registration rights agreement to make up to three demands that we register certain
of our securities held by them under the Securities Act and to have the securities covered thereby registered for resale pursuant to
Rule 415 under the Securities Act. In addition, these holders have the right to include their securities in any other registration
statement filed by us. However, the registration rights agreement provides that we will not permit any registration statement filed under
the Securities Act to become effective until the securities covered thereby are released from their respective lock-up restrictions,
as described herein. We will bear the costs and expenses of filing any such registration statements. See “Certain Relationships and Related Party Transactions.”

Quantitative and Qualitative Disclosures about Market Risk

The amounts in the trust account,
will be invested in United States government treasury bills, bonds or notes having a maturity of 185 days or less, or in money market
funds meeting the applicable conditions under Rule 2a-7 promulgated under the Investment Company Act and that invest solely in U.S.
treasuries. Due to the short-term nature of these investments, we believe there will be no associated material exposure to interest rate
risk.

Off-Balance Sheet Arrangements; Commitments and Contractual Obligations; Quarterly Results

As of the date of this prospectus,
we did not have any off-balance sheet arrangements as defined in Item 303