Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 144

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 144
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 interest in providing any such additional services to
us, including potential conflicts of interest in connection with the sourcing and consummation of an initial business combination.

If the net proceeds of this offering and the sale of the private units not being held in the trust account are insufficient, it could limit the amount available to fund our search for a target business or businesses and complete our initial business combination and we will depend on loans from our Sponsor or management team to fund our search for an initial business combination, to pay our taxes and to complete our initial business combination. If we are unable to obtain these loans, we may be unable to complete our initial business combination.

Of the net proceeds of this
offering and the sale of the private units, only approximately $2,973,324 will be available to us initially outside the trust account
to fund our working capital requirements. We believe that, upon closing of this offering, the funds available to us outside of the trust
account will be sufficient to allow us to operate for at least the completion window; however, we cannot assure you that our estimate
is accurate. We expect to fund our working capital requirements prior to the time of our initial business combination in part with funds
provided by our Sponsor, an affiliate of our Sponsor or our officers and directors who may, but none of them is obligated to, loan us
funds as may be required. In the event that our offering expenses exceed our estimate of $776,676, we may fund such excess with funds
not to be held in the trust account. In such case, the amount of funds we intend to be held outside the trust account would decrease
by a corresponding amount. The amount held in the trust account will not be impacted as a result of such increase or decrease. Conversely,
in the event that the offering expenses are less than our estimate of $776,676 the amount of funds we intend to be held outside the trust
account would increase by a corresponding amount. If we are required to seek additional capital, we would need to borrow funds from our
Sponsor, management team or other third parties to operate or may be forced to liquidate. None of our Sponsor, members of our management
team nor any of their affiliates is under any obligation to advance funds to us in such circumstances. Any such advances would be repaid
only from funds held outside the trust account or from funds released to us upon completion of our initial business combination. Up to
$1,500,000 of such loans may be convertible into units