Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 45

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 45
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, it may be more difficult for us to complete our initial business combination. If we are unable to complete our initial business combination, our public shareholders may receive only their pro rata portion of the funds in the trust account that are available for distribution to public shareholders, and our warrants will expire worthless.”

Potential Additional Financings

We may need to obtain additional
financing to complete our initial business combination, either because the transaction requires more cash than is available from the proceeds
held in our trust account or because we become obligated to redeem a significant number of our public shares upon completion of our business
combination, in which case we may issue additional securities or incur debt in connection with such business combination. If we raise
additional funds through equity or convertible debt issuances, our public shareholders may suffer significant dilution, and these securities
could have rights that rank senior to our public shares. If we raise additional funds through the incurrence of indebtedness, such indebtedness
would have rights that are senior to our equity securities and could contain covenants that restrict our operations. Further, as described
above, due to the anti-dilution rights of our founder shares, our public shareholders may incur material dilution. In addition, we intend
to target businesses with enterprise values that are greater than we could acquire with the net proceeds of this offering and the sale
of the private units, and, as a result, if the cash portion of the purchase price exceeds the amount available from the trust account,
net of amounts needed to satisfy any redemptions by public shareholders, we may be required to seek additional financing to complete such
proposed initial business combination. We may also obtain financing prior to the closing of our initial business combination to fund our
working capital needs and transaction costs in connection with our search for and completion of our initial business combination. There
is no limitation on our ability to raise funds through the issuance of equity or equity-linked securities or through loans, advances or
other indebtedness in connection with our initial business combination, including pursuant to forward purchase agreements or backstop
agreements we may enter into following consummation of this offering. Subject to compliance with applicable securities laws, we would
only complete such financing simultaneously with the completion of our initial business combination. If we are unable to complete our
initial business combination because we do not have sufficient funds available to us, we will be forced to liquidate the trust account.
In addition, following our initial business combination, if cash on hand is insufficient, we may