Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 120

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 120
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 obtaining and retaining executive officers and directors. Although our officers and directors
will endeavor to evaluate the risks inherent in a particular target business, we may not be able to properly ascertain or assess all
of the significant risk factors and we may not have adequate time to complete due diligence. Furthermore, some of these risks may be
outside of our control and leave us with no ability to control or reduce the chances that those risks will adversely impact a target
business.

We are not required to obtain an opinion from an independent investment banking firm or another independent entity, and consequently, an independent source may not confirm that the price we are paying for the business is fair to our shareholders from a financial point of view.

Unless we consummate our initial
business combination with an affiliated entity, we are not required to obtain an opinion from an independent investment banking firm
or another independent entity that the price we are paying is fair to our shareholders from a financial point of view. If no opinion
is obtained, our shareholders will be relying on the judgment of our Board of Directors, who will determine fair market value based on
standards generally accepted by the financial community. Our Board of Directors will have significant discretion in choosing the standard
used to establish the fair market value of the target acquisition. Such standards used will be disclosed in our tender offer documents
or proxy solicitation materials, as applicable, related to our initial business combination.

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We may issue additional ordinary or preference shares to complete our initial business combination or under an employee incentive plan upon or after consummation of our initial business combination, which would dilute the interest of our shareholders and likely present other risks.

Our amended and restated
memorandum and articles of association will authorize the issuance of up to 445,000,000 Class A ordinary shares, par value $0.0001 per
share, 50,000,000 Class B ordinary shares, par value $0.0001 per share, and 5,000,000 preference shares, par value $0.0001 per share.
Immediately after this offering, there will be 424,225,000 and 43,333,333 (assuming that the underwriter has not exercised its over-allotment
option and 1,000,000 founder shares have been surrendered for no consideration, as further described in this prospectus) authorized but
unissued Class A ordinary shares and Class B ordinary shares, respectively, available for issuance which amount does not take into account