Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 105

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 105
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 due diligence with respect to, a target business. If we are unable to complete our initial business combination, our
public shareholders may only receive $10.00 per share (whether or not the underwriter’s over-allotment option is exercised in full)
or potentially less than $10.00 per share on our redemption, and our warrants will expire worthless.

We may issue notes or other debt securities, or otherwise incur substantial debt, to complete our initial business combination, which may adversely affect our financial condition and thus negatively impact the value of our shareholders’ investment in us.

Although we have no other commitments
as of the date of this prospectus to issue any notes or other debt securities, or to otherwise incur outstanding debt, we may choose
to incur substantial debt to complete initial business combination. Furthermore, we may issue a substantial number of 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. We and our officers and directors have agreed that we will not incur any indebtedness unless we have obtained
from the lender a waiver of any right, title, interest or claim of any kind in or to any monies held in the trust account. As such, no
issuance of debt will affect the per share amount available for redemption from the trust account. Nevertheless, the incurrence of debt
could have a variety of negative effects, including:

| ● | default and foreclosure on our assets if our operating revenues after our initial 
 business combination are insufficient to repay our debt obligations;              |

| ● | acceleration of our obligations to repay the indebtedness even if we make all                                                    
 principal and interest payments when due if we breach certain covenants that require the maintenance of certain financial ratios 
 or reserves without a waiver or renegotiation of that covenant;                                                                  |

| ● | our immediate payment of all principal and accrued interest, if any, if the 
 debt security is payable on demand;                                         |

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| ● | our inability to obtain necessary additional financing if the debt security                                 
 contains covenants restricting our ability to obtain such financing while the debt security is outstanding; |

| ● | our inability to pay dividends on our ordinary shares; |

| ● | using a substantial portion of our cash flow to pay principal and interest on                                                     
 our debt, which will reduce the funds available for dividends on our ordinary shares if declared, expenses, capital expenditures, 
 acquisitions and other general corporate purposes