Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 218

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 218
---
 only in U.S. government treasury obligations with a maturity of 185 days or less or in money market funds meeting
certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations;
the holding of these assets in this form is intended to be temporary and for the sole purpose of facilitating the intended business combination.
To mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases
the longer that we hold investments in the trust account, we may, at any time (based on our management team’s ongoing assessment
of all factors related to our potential status under the Investment Company Act), instruct the trustee to liquidate the investments held
in the trust account and instead to hold the funds in the trust account in cash or in an interest bearing demand deposit account at a
bank. The remaining approximately $2,973,324 (or $3,535,824 if the underwriter’s over-allotment option is exercised in full) will
not be held in the trust account. In the event that our offering expenses exceed our estimate of $776,676, we may fund such excess with
funds not to be held in the trust account. In such case, the amount of funds we intend to be held outside the trust account would decrease
by a corresponding amount. Conversely, in the event that the offering expenses are less than our estimate of $776,676, the amount of
funds we intend to be held outside the trust account would increase by a corresponding amount.

<div align='center'>127</div>

We may withdraw interest to
pay our taxes, if any. We expect the interest earned on the amount in the trust account will be sufficient to pay our income taxes. To
the extent that our equity or debt is used, in whole or in part, as consideration to complete our initial business combination, the remaining
proceeds held in the trust account will be used as working capital to finance the operations of the target business or businesses, make
other acquisitions and pursue our growth strategies.

We believe that, upon consummation
of this offering, the estimated $2,973,324 of cash not held in the trust account will be sufficient to allow us to operate for at least
the next 24 months from the closing of this offering, assuming that a business combination is not consummated during that time. Over
this time period, we will be using these funds