Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 26

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 26
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 current officers and directors will continue in their respective roles, or in any other role, after our initial business combination, and their expertise may only be of benefit to us until our initial business combination is completed. Market Opportunity While we may pursue an acquisition or a business combination target in any business, industry or geography, we intend to focus our search on a target with business operations or prospective operations in the technology, financial services, or media sectors, which we refer to as the “new economy sectors”, across Frontier Growth Markets, located in the following regions: the Middle East North Africa (“MENA”), Sub-Saharan Africa (“SSA”), South Asia (“SA”) and Southeast Asia (“SEA”). We believe this growth in these new economy sectors across Frontier Growth Markets will be driven by private sector expansion, technological innovation, a growing young and middle class population, increasing consumption, structural economic and policy reforms and demographic changes in the region. We believe that Frontier Growth Markets are entering a new era of economic growth, particularly in the new economy sectors, which we expect will result in attractive initial business combination opportunities for attractive risk-adjusted returns. These markets are host to a fast growing population of over 2.8 billion people, real GDP of approximately $11 trillion as of 2022, a proportion of young people with access to internet economy ecosystems and growing rapidly, often by executing business models that are already proven in more developed markets (delivery and logistics apps, e-commerce and social commerce, media streaming, mobile wallets, etc.), and in other instances innovative, tailored solutions addressing specific market needs (alternative finance, mobile payments). We believe that the largest global companies are often unable to localize their products and services to be compelling (e.g. cash on delivery to address low credit card penetration in some markets).

| ● | Middle                                                                                                                          
 East North Africa: We believe relatively higher incomes (especially in the Gulf Cooperation                                     
 Council (“GCC”) countries) and internet access with very low but fast-growing e-commerce penetration are creating opportunities 
 in e-commerce, delivery services, classifieds and internet infrastructure.                                                      |

| ● | Sub-Saharan                                                                                                                            
 Africa: In SSA, owing to a significant unbanked population, card and digital payments remain                                           
 low. This has led to significant growth in mobile wallets, alternative lenders and payments, and remittance businesses that we believe 
 represent attractive potential opportunities for us.                                                                                   |

| ● | South                                                                                                                                       
 Asia (excluding India): With a population of over 400 million across Pakistan and Bangladesh,                                               
 with nearly