Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 255

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 255
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 obligations, he or
she may be required to present such business combination opportunity to such entity prior to presenting such business combination opportunity
to us. Our directors and officers currently have fiduciary duties or contractual obligations that may take priority over their duties
to us. We do not believe, however, based on the other companies with which our directors and officers are affiliated and their respective
businesses, that any of the foregoing fiduciary duties or contractual obligations will materially affect our ability to identify and
pursue business combination opportunities or complete our initial business combination.

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Our executive offices are located
at 2400 E. Commercial Boulevard, Suite 900, Ft. Lauderdale, FL 33308 and our telephone number is (954) 315-9381.

Mail addressed to the Company
and received at its registered office in the Cayman Islands will be forwarded unopened to the forwarding address supplied by the Company
to be dealt with. None of the Company or its directors, officers, advisors or service providers (including the organization which provides
registered office services in the Cayman Islands) will bear any responsibility for any delay howsoever caused with regards to mail reaching
the forwarding address.

Selection of a Target Business and Structuring of a Business Combination

Nasdaq listing rules require
that our initial business combination must be with one or more operating businesses or assets with a fair market value equal to at least
80% of the assets held in the trust account (excluding the deferred underwriting commissions and taxes payable on the income earned on
the trust account) at the time of the agreement to enter into our initial business combination. We refer to this as the 80% of fair market
value test. The fair market value of the target or targets will be determined by our board of directors based upon one or more standards
generally accepted by the financial community, such as discounted cash flow valuation or value of comparable businesses. If our board
of directors is not able to independently determine the fair market value of the target business or businesses, we will obtain an opinion
from an independent investment banking firm or another independent entity that commonly renders valuation opinions with respect to the
satisfaction of such criteria. Unless we complete our initial business combination with an affiliated entity, we are not required to
obtain an opinion that the price we are paying is fair to our Company from a financial point of view. We do not currently intend to purchase
multiple businesses in unrelated industries in conjunction with our initial