Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 207

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 207
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 we may consider for
our initial business combination may have internal controls that need improvement
in areas such as:

| ● | staffing for financial, accounting and external reporting areas, 
 including segregation of duties;                                 |

| ● | reconciliation of accounts; |

| ● | proper recording of expenses and liabilities in the period to 
 which they relate;                                            |

| ● | evidence of internal review and approval of accounting transactions; |

| ● | documentation of processes, assumptions and conclusions underlying 
 significant estimates; and                                         |

| ● | documentation of accounting policies and procedures. |

Because it will take time, management involvement and perhaps outside resources to
determine what internal control improvements are necessary for us to meet regulatory
requirements and market expectations for our operation of a target business, we may
incur significant expense in meeting our public reporting responsibilities, particularly
in the areas of designing, enhancing, or remediating internal and disclosure controls.
Doing so effectively also may take longer than we expect, thus increasing our exposure
to financial fraud or erroneous financing reporting.

Once our management’s report on internal controls is complete, we will retain our independent registered
public accounting firm to audit and render an opinion on such report when required
by Section 404 of the Sarbanes-Oxley Act. The independent registered public accounting firm may identify additional issues
concerning a target business’s internal controls while performing their audit of internal control over financial
reporting.

Related Party Transactions

Our Sponsor purchased 7,666,667 Class B ordinary shares from us for an aggregate purchase price of $25,000, or $0.003 per share, of which up to 1,000,000 founder shares remain subject to surrender for no consideration depending on the extent to which the underwriter’s over-allotment option is exercised during this offering. The purchase price per
founder share was determined by dividing the amount of cash contributed to the Company
by the number of founder shares issued. Prior to the initial investment of $25,000 by our Sponsor, the Company had no assets, tangible or intangible. Our initial shareholders will collectively own 25% of our issued and outstanding shares after this offering (assuming they do not purchase
any units in this offering and excluding any shares underlying the private units). If we increase or decrease the size of this offering, we will effect a capitalization
or share repurchase or redemption or other appropriate mechanism, as applicable, with
respect to our founder shares immediately prior to the consummation of this offering