Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 232

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 232
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 we have not engaged or retained any agent or other representative to
identify or locate any suitable acquisition candidate for us. As a result, we cannot
assure you that we will be able to locate a target business or that we will be able
to engage in a business combination with a target business on favorable terms or at
all.

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Subject to our officers’ and directors’ pre-existing fiduciary duties and the limitation that a target business have a fair
market value of at least 80% of the balance in the trust account (excluding any taxes
payable on the interest earned, if any) at the time of the execution of a definitive
agreement for our initial business combination, as described below in more detail,
we will have virtually unrestricted flexibility in identifying and selecting a prospective
acquisition candidate. Except for the general criteria and guidelines set forth above
under the caption “Business Strategy,” we have not established any other specific attributes or criteria (financial or
otherwise) for prospective target businesses. Accordingly, there is no basis for investors
in this offering to evaluate the possible merits or risks of the target business with
which we may ultimately complete a business combination. To the extent we effect a
business combination with a financially unstable company or an entity in its early
stage of development or growth, including entities without established records of
sales or earnings, we may be affected by numerous risks inherent in the business and
operations of financially unstable and early stage or potential emerging growth companies.
Although our management will endeavor to evaluate the risks inherent in a particular
target business, we cannot assure you that we will properly ascertain or assess all
significant risk factors.

Sources of Target Businesses

We believe our team’s significant operating and transaction experience and relationships with companies
will provide us with a substantial number of potential business combination targets.
Over the course of their careers, the members of our team have developed a broad network
of contacts and corporate relationships around the world.

We believe this network provides our team with a robust and consistent flow of acquisition
opportunities which were proprietary or where a limited group of investors were invited
to participate in the sale process. We believe that the network of contacts and relationships
of our team will provide us with important sources of acquisition opportunities. In
addition, we anticipate that target business candidates will be brought to our attention
from various unaffiliated sources, including investment market participants, private
equity funds and large business enterprises seeking to divest non-core