Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 238

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 238
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 companies may take advantage of certain reduced
disclosure obligations, including, among other things, providing only two years of
audited financial statements. We will remain a smaller reporting company until the
last day of the fiscal year in which (1) the market value of our ordinary shares held
by non-affiliates equals or exceeds $250 million as of the end of that year’s second fiscal quarter, or (2) our annual revenues equaled or exceeded $100 million during such completed fiscal year and the market value of our ordinary shares
held by non-affiliates equals or exceeds $700 million as of the end of that year’s second fiscal quarter.

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Financial Position

With funds available for a business combination initially in the amount of $201,000,000 assuming no redemptions (or $231,150,000 assuming no redemptions and after payment of estimated offering expenses of $700,000), we offer a target business a variety of options such as creating a liquidity event
for its owners, providing capital for the potential growth and expansion of its operations
or strengthening its balance sheet by reducing its debt ratio. Because we are able to complete our initial business combination
using our cash, debt or equity securities, or a combination of the foregoing, we have
the flexibility to use the most efficient combination that will allow us to tailor
the consideration to be paid to the target business to fit its needs and desires.
However, we have not taken any steps to secure third-party financing and there can be no assurance it will be available to us.

Effecting Our Initial Business Combination

We are not presently engaged in, and we will not engage in, any operations for an
indefinite period of time following this offering. We intend to effectuate our initial
business combination using cash from the proceeds of this offering and the sale of the private units, our shares, debt or a combination of these as the consideration to be paid in our
initial business combination. We may seek to complete our initial business combination
with a company or business that may be financially unstable or in its early stages
of development or growth, which would subject us to the numerous risks inherent in
such companies and businesses.

If our initial business combination is paid for using equity or debt, or not all of
the funds released from the trust account are used for payment of the consideration
in connection with our initial business combination or the redemptions of our public
shares, we may apply the balance