Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 205

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 205
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 expenses for SEC filing and other legal and accounting 
 fees related to regulatory reporting obligations;                  |

| ● | $480,000 (equal to $20,000 per month for up to 24 months) for 
 office space and administrative fees;                         |

| ● | $250,000 for directors and officers insurance; and |

| ● | $685,000 for working capital to cover miscellaneous expenses 
 and general corporate purposes.                              |

These amounts are estimates and may differ materially from our actual expenses. In
addition, we could use a portion of the funds not being placed in trust to pay commitment
fees for financing, fees to consultants to assist us with our search for a target
business or as a down payment or to fund a “no-shop” provision (a provision designed
to keep target businesses from “shopping” around for transactions with other companies
or investors on terms more favorable to such target businesses) with respect to a
particular proposed business combination, although we do not have any current intention
to do so. If we entered into an agreement where we paid for the right to receive exclusivity
from a target business, the amount that would be used as a down payment or to fund
a “no-shop” provision would be determined based on the terms of the specific business
combination and the amount of our available funds at the time. Our forfeiture of such
funds (whether as a result of our breach or otherwise) could result in our not having
sufficient funds to continue searching for, or conducting due diligence with respect
to, prospective target businesses.

If our estimates 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 have insufficient funds available to operate our business prior to our initial
business combination. Moreover, we may need to obtain additional financing either
to consummate our initial business combination or because we become obligated to redeem
a significant number of our public shares upon consummation of our initial business
combination, in which case we may issue additional securities or incur debt in connection
with such business combination. Subject to compliance with applicable securities laws,
we would only consummate such financing simultaneously with the consummation of our
initial business combination. Following our initial business combination, if cash
on hand is insufficient, we may need to obtain additional financing in order to meet
our obligations.

As of March 31, 2025, we had $25,000 in cash and working