Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 243

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 243
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 not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with
any business combination target.

Our Sponsor and directors and
officers are, or may in the future become, affiliated with entities that are engaged in a business similar to ours. These entities may
compete with us for acquisition opportunities. If these entities decide to pursue any such opportunity, we may be precluded from pursuing
such opportunities. Subject to his or her fiduciary duties under Cayman Islands law, none of the members of our management team have
any obligation to present us with any opportunity for a potential business combination of which they become aware. Our management team,
in their capacities as directors, officers or employees of our Sponsor or its affiliates or in their other endeavors (including other
special purpose acquisition companies), may choose to present potential business combinations to the related entities described above,
current or future entities affiliated with or managed by our Sponsor, or third parties, before they present such opportunities to us,
subject to his or her fiduciary duties under Cayman Islands law and any other applicable fiduciary duties.

Our directors and officers presently
have, and any of them in the future may have, additional, fiduciary or contractual obligations to other entities pursuant to which such
officer or director is or will be required to present a business combination opportunity to such entity. Accordingly, if any of our directors
or officers becomes aware of a business combination opportunity that is suitable for an entity to which he or she has then-current fiduciary
or contractual obligations, he or she may need to honor these fiduciary or contractual obligations to present such business combination
opportunity to such entity, or in the case of a non-compete restriction, may not present such opportunity to us at all, subject to his
or her fiduciary duties under Cayman Islands law. Our directors and officers are also not required to commit any specified amount of
time to our affairs, and, accordingly, will have conflicts of interest in allocating management time among various business activities,
including identifying potential business combinations and monitoring the related due diligence.

For example, Mr. Binder
is the co-Founder of CIM and Chief Investment Officer and Portfolio Manager for CIM, Mr. Cassel is the co-Founder and Chief Executive
Officer of CIM. CIM is an SEC-registered investment management firm, and each of Mr. Binder and Mr. Cassel owes fiduciary duties
to CIM. In addition, all of our officers and directors