Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 149

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 149
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 example, in anticipation of or as a result of our initial business combination, we may enter into one or more
transactions that require shareholders and warrant holders to recognize gain or income for tax purposes or otherwise increase their tax
burden without prior notice to or approval from our shareholders and warrant holders. We do not intend to make any cash distributions
to shareholders or warrant holders to pay taxes in connection with our business combination or thereafter. Accordingly, a shareholder
or a warrant holder may be required to satisfy any liability resulting from any such transactions with cash from its own funds or by
selling all or a portion of such holder’s public shares or public warrants.

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After our initial business combination, substantially all of our assets may be located in a foreign country and substantially all of our revenue will be derived from our operations in such country. Accordingly, our results of operations and prospects will be subject, to a significant extent, to the economic, political and legal policies, developments and conditions in the country in which we operate.

The economic, political and
social conditions, as well as government policies, of the country in which our operations are located could affect our business. Economic
growth could be uneven, both geographically and among various sectors of the economy and such growth may not be sustained in the future.
If in the future such country’s economy experiences a downturn or grows at a slower rate than expected, there may be less demand
for spending in certain industries. A decrease in demand for spending in certain industries could materially and adversely affect our
ability to find an attractive target business with which to consummate our initial business combination and if we effect our initial
business combination, the ability of that target business to become profitable.

The post-business combination company may issue shares to investors in connection with our initial business combination at a price which is less than $10.00 or the prevailing market price of our shares at that time, which could dilute the interests of our existing shareholders and add costs.

In connection with our initial
business combination, the post-business combination company may issue shares to investors in private placement transactions (so-called
PIPE transactions) in order to complete an initial business combination and provide sufficient liquidity and capital to the post-business
combination entity. The price of the shares we issue may therefore be less, and potentially significantly less, than the market price
for our shares at such time. Any such issuances of equity securities could dilute the interests of our existing shareholders. Any such
issuances of equity