Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 196

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 196
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 initial business combination is paid for using shares or debt
securities, or not all of the funds released from the trust account are used for payment
of the purchase price in connection with our business combination, we may apply the
cash released from the trust account that is not applied to the purchase price for
general corporate purposes, including for maintenance or expansion of operations of
acquired businesses, the payment of principal or interest due on indebtedness incurred
in consummating the initial business combination, to fund the purchase of other companies
or for working capital. We believe that amounts not held in trust will be sufficient
to pay the costs and expenses to which such proceeds are allocated. This belief is
based on the fact that while we may begin preliminary due diligence of a target business
in connection with an indication of interest, we intend to undertake in-depth due
diligence, depending on the circumstances of the relevant prospective acquisition,
only after we have negotiated and signed a letter of intent or other preliminary agreement
that addresses the terms of our initial business combination. However, if our estimate
of the costs of undertaking in-depth due diligence and negotiating our initial business
combination is less than the actual amount necessary to do so, we may be required
to raise additional capital, the amount, availability and cost of which is currently
unascertainable. In this event, we could seek such additional capital through loans
or additional investments from members of our Sponsor or an affiliate of our Sponsor
or our executive officers and directors, but such members of our management team are
not under any obligation to advance funds to, or invest in, us.

Commencing on the effective
date of the Registration Statement of which this prospectus forms a part, we will enter into an Administrative Services Agreement with
our Sponsor pursuant to which we will pay our Sponsor a monthly fee of $20,000 for company administration, office space, utilities, and
secretarial and administrative support. Upon completion of our initial business combination or our liquidation, we will cease paying
these monthly fees.

In addition, in order to finance transaction costs in connection with an intended
initial business combination, our Sponsor, executive officers, directors, or their
affiliates may, but are not obligated to, loan us funds as may be required. If we
consummate our initial business combination, we would repay such loaned amounts. In
the event that the initial business combination does not close, we may use a portion
of the offering proceeds held outside the