Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 190

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 190
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 with the protection of investors and the
oversight of companies whose securities are publicly traded, and to new and evolving regulatory measures under applicable law. Our efforts
to comply with new and changing laws and regulations have resulted in and are likely to continue to result in, increased general and
administrative expenses and a diversion of management time and attention from seeking a business combination target.

Moreover, because these laws,
regulations and standards are subject to varying interpretations, their application in practice may evolve over time as new guidance
becomes available. This evolution may result in continuing uncertainty regarding compliance matters and additional costs necessitated
by ongoing revisions to our disclosure and governance practices. If we fail to address and comply with these regulations and any subsequent
changes, we may be subject to penalty and our business may be harmed.

Changes to laws or regulations or in how such laws or regulations are interpreted or applied, or a failure to comply with any laws, regulations, interpretations or applications may adversely affect our business, including our ability to negotiate and complete our initial business combination.

We are subject to laws and regulations,
and interpretations and applications of such laws and regulations, of national, regional, state and local governments and applicable
non-U.S. jurisdictions. In particular, we are required to comply with certain SEC and potentially other legal and regulatory requirements,
and our consummation of an initial business combination may be contingent upon our ability to comply with certain laws, regulations,
interpretations and applications and any post-business combination company may be subject to additional laws, regulations, interpretations
and applications. Compliance with, and monitoring of, the foregoing may be difficult, time consuming and costly. Those laws and regulations
and their interpretation and application may also change from time to time, and those changes could have a material adverse effect on
our business, including our ability to negotiate and complete an initial business combination. A failure to comply with applicable laws
or regulations, as interpreted and applied, could have a material adverse effect on our business, including our ability to negotiate
and complete our initial business combination.

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On January 24, 2024, the
SEC issued final rules relating to SPACs (the “2024 SPAC Rules”), effective as of 125 days following the publication of the
2024 SPAC Rules in the Federal Register, that formally adopted some of the SEC’s proposed rules for SPACs that were released on
March 30, 2022. The 2024 SPAC Rules, among other