Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 158

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 158
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 pursuing an initial business combination with a company that is affiliated with our initial shareholders, directors
or officers, or non-managing Sponsor investors; accordingly, such affiliated person(s) may have a conflict of interest in determining
whether a particular target business is an appropriate business with which to effectuate our initial business combination as such affiliated
person(s) would have interests different from our public shareholders and would likely not receive any financial benefit unless we consummated
such business combination. In the event we seek to complete an initial business combination with a target that is affiliated with our
initial shareholders, directors or officers, we, or a committee of independent and disinterested directors, may engage independent advisors
to assist with the evaluation and will obtain an opinion from an independent investment banking firm or from an independent accounting
firm that such business combination is fair to our Company from a financial point of view. In fact, we may enter into a business combination
with a target business that is affiliated with our Sponsor, our directors or officers, although we do not intend to do so. Nor do we
have a policy that expressly prohibits any such persons from engaging for their own account in business activities of the types conducted
by us. Accordingly, such persons or entities may have a conflict between their interests and ours.

In particular, affiliates of
our Sponsor have invested in a diverse set of industries. As a result, there may be substantial overlap between companies that would
be a suitable business combination for us and companies that would make an attractive target for such other affiliates.

We may engage in a business combination with one or more target businesses that have relationships with entities that may be affiliated with our Sponsor, directors or officers which may raise potential conflicts of interest.

In light of the involvement
of our Sponsor, directors and officers with other entities, we may decide to acquire one or more businesses or entities affiliated with
our Sponsor, directors and officers. Certain of our directors and officers also serve as officers and board members for other entities,
including those described under “Management and Advisors — Conflicts of Interest.” Such entities may compete with us
for business combination opportunities. Our Sponsor, directors and officers are not currently aware of any specific opportunities for
us to complete our initial business combination with any entities with which they are affiliated, and there have been no preliminary
discussions concerning a business combination with any such entity or entities. Although we will not be specifically focusing on, or
targeting, any transaction with any affiliated entities, we would pursue such a transaction if we determined that