Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 295

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 295
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 have conflicts of interest in determining to which entity a particular business opportunity should be presented.”

In addition, our Sponsor, its
members, our officers or our directors or their respective affiliates may be investors, or have other direct or indirect interests, in
a business with which we may enter into a business combination agreement and/or in certain funds or other persons that may purchase shares
in this offering or that may otherwise purchase our Class A ordinary shares in the public market.

We do not believe, however,
based on the other companies with which our directors and officers are affiliated and their respective businesses, that the fiduciary
duties or contractual obligations of our directors or officers will materially affect our ability to identify and pursue business combination
opportunities or complete our initial business combination.

Investors should be aware of
the following potential conflicts of interest:

| ● | Our officers and directors are not required to, and will not, commit their full time to our affairs,                                      
 which may result in a conflict of interest in allocating their time between our operations and our search for a business combination      
 and their other businesses. We do not intend to have any full-time employees prior to the completion of our initial business combination. 
 Each of our officers is engaged in several other business endeavors for which he may be entitled to substantial compensation, and         
 our officers are not obligated to contribute any specific number of hours per week to our affairs.                                        |

| ● | Our initial shareholders purchased founder shares                                                                                           
 for a nominal purchase price prior to the date of this prospectus and will purchase private units in a transaction that will close          
 simultaneously with the closing of this offering. Our sponsor, officers and directors have entered into a letter agreement with us,         
 pursuant to which they have agreed to waive their redemption rights with respect to their founder shares, private placement shares          
 and public shares in connection with the completion of our initial business combination. Additionally, our sponsor, officers and            
 directors have agreed to waive their rights to liquidating distributions from the trust account with respect to their founder shares        
 and private placement shares if we fail to complete our initial business combination within the prescribed time frame, although they        
 will be entitled to liquidating distributions from assets outside the trust account. If we do not complete our initial business combination 
 within the prescribed time frame, the private units will expire worthless. Furthermore, our sponsor, officers and directors have            
 agreed not to transfer, assign or sell any of their founder shares and any Class A ordinary shares issuable upon conversion                 
 thereof until the earlier