Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 349

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 349
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 that may be issued on conversion of working capital
loans will be entitled to registration rights pursuant to a registration rights agreement to be signed prior to or on the effective date
of this offering requiring us to register such securities for resale (in the case of the founder shares, only after conversion to our
ordinary shares). The holders of these securities will be entitled to make up to three demands, excluding short form registration demands,
that we register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to
registration statements filed subsequent to our completion of our initial business combination and rights to require us to register for
resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that we
will not be required to effect or permit any registration or cause any registration statement to become effective until termination of
the applicable lock-up period as described under “Principal Shareholders”. We will bear the expenses incurred in connection
with the filing of any such registration statements.

<div align='center'>205</div>

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

The following summary of certain
Cayman Islands and United States federal income tax consequences of an investment in our units, each consisting of one Class A ordinary
share and one-half of one redeemable warrant, which we refer to collectively as our securities, is based upon laws and relevant interpretations
thereof in effect as of the date of this prospectus, all of which are subject to change. This summary does not deal with all possible
tax consequences relating to an investment in our Class A ordinary shares and warrants, such as the tax consequences under state, local
and other tax laws.

Prospective investors should
consult their advisors on the possible tax consequences of investing in our securities under the laws of their country of citizenship,
residence or domicile.

Cayman Islands Taxation

The following is a discussion
on certain Cayman Islands income tax consequences of an investment in our securities. The discussion is a general summary of present
law, which is subject to prospective and retroactive change. It is not intended as tax advice, does not consider any investor’s
particular circumstances, and does not consider tax consequences other than those arising under Cayman Islands law.

Under Existing Cayman Islands Laws

The Cayman Islands currently
levies no taxes on individuals or corporations based upon profits, income, gains, or appreciation and there is no taxation in the nature
of inheritance tax, gift tax, or estate duty