Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 188

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 188
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 damages alone would not be an adequate remedy for any breach of the selection of the courts of the Cayman Islands as
exclusive forum and that accordingly we shall be entitled, without proof of special damages, to the remedies of injunction, specific
performance or other equitable relief for any threatened or actual breach of the selection of the courts of the Cayman Islands as exclusive
forum.

This choice of forum provision
may increase a shareholder’s cost and limit the shareholder’s ability to bring a claim in a judicial forum that it finds
favorable for disputes with us or our directors, officers or other employees, which may discourage lawsuits against us and our directors,
officers and other employees. Any person or entity purchasing or otherwise acquiring any of our shares or other securities, whether by
transfer, sale, operation of law or otherwise, shall be deemed to have notice of and have irrevocably agreed and consented to these provisions.
There is uncertainty as to whether a court would enforce such provisions, and the enforceability of similar choice of forum provisions
in other companies’ charter documents has been challenged in legal proceedings. It is possible that a court could find this type
of provisions to be inapplicable or unenforceable, and if a court were to find this provision in our amended and restated memorandum
and articles of association to be inapplicable or unenforceable in an action, we may incur additional costs associated with resolving
the dispute in other jurisdictions, which could have adverse effect on our business and financial performance.

We identified a material weakness in our internal control over financial reporting and may identify additional material weaknesses in the future, or fail to maintain an effective system of internal control over financial reporting, which may result in material misstatements of our financial statements or cause us to fail to meet our periodic reporting obligations.

In connection with the audit
of our financial statements as of and for the period ended March 31, 2025, we identified a material weakness in our internal control
over financial reporting related to the lack of properly designed, implemented and effectively operating controls. A material weakness
is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility
that a material misstatement of the annual or interim financial statements will not be prevented or detected on a timely basis. Management,
with oversight from the board of directors and the audit committee of the board of directors will implement a remediation plan for this
material weakness, including, among other things, designing and maintaining a formal