Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 271

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 271
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 vendors, service providers
and prospective target businesses will execute such agreements. If any third party refuses to execute an agreement waiving such claims
to the monies held in the trust account, our management will perform an analysis of the alternatives available to it and will only enter
into an agreement with a third party that has not executed a waiver if management believes that such third party’s engagement would
be significantly more beneficial to us than any alternative. Examples of possible instances where we may engage a third party that refuses
to execute a waiver include the engagement of a third-party consultant whose particular expertise or skills are believed by management
to be significantly superior to those of other consultants that would agree to execute a waiver or in cases where management is unable
to find a service provider willing to execute a waiver. Our underwriter and auditor are the only third parties we are currently aware
of that may not execute a waiver. Nor is there any guarantee that, even if they execute such agreements with us, they will not seek recourse
against the trust account.

<div align='center'>153</div>

We anticipate notifying the
trustee of the trust account to begin liquidating such assets promptly after such date and anticipate it will take no more than ten (10)
business days to effectuate such distribution. Our initial shareholders have waived their rights to participate in any liquidation distribution
with respect to the founder shares and private shares. There will be no distribution from the trust account with respect to our warrants,
which will expire worthless. We will pay the costs of any subsequent liquidation from our remaining assets outside of the trust account
and the interest earned on the funds held in the trust account that we are permitted to withdraw to pay such expenses.

If we are unable to complete
an initial business combination and expend all of the net proceeds of this offering, other than the proceeds deposited in the trust account,
and without taking into account interest, if any, earned on the trust account, the initial per-share redemption price would be $10.00.
The proceeds deposited in the trust account could, however, become subject to claims of our creditors that are in preference to the claims
of public shareholders.

Our public shareholders shall
be entitled to receive funds from the trust account only in the event of our failure to complete a business combination within the required
time period or if the shareholders seek to have us redeem or purchase their respective shares upon a business combination which is actually
completed by us or upon certain amendments to our charter documents as described elsewhere herein. In no other