Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 199

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 199
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 to a variety of additional risks that may negatively impact our operations.

If our team pursues a company
with operations or opportunities outside of the United States for our initial business combination, we would be subject to risks associated
with cross-border business combinations, including in connection with investigating, agreeing to and completing our initial business
combination, conducting due diligence in a foreign market, having such transaction approved by any local governments, regulators or agencies
and changes in the purchase price based on fluctuations in foreign exchange rates.

If we effect our initial business
combination with such a company, we would be subject to any special considerations or risks associated with companies operating in an
international setting, including any of the following:

| ● | costs and difficulties inherent in managing cross-border business operations and complying with commercial 
 and legal requirements of overseas markets;                                                                |

| ● | rules and regulations regarding currency redemption; |

| ● | complex corporate withholding taxes on individuals; |

| ● | laws governing the manner in which future business combinations may be effected; |

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| ● | tariffs and trade barriers; |

| ● | regulations related to customs and import/export matters; |

| ● | longer payment cycles; |

| ● | tax consequences, such as tax law changes, including termination or reduction of tax and other incentives                   
 that the applicable government provides to domestic companies, and variations in tax laws as compared to the United States; |

| ● | currency fluctuations and exchange controls; |

| ● | rates of inflation; |

| ● | challenges in collecting accounts receivable; |

| ● | cultural and language differences; |

| ● | employment regulations; |

| ● | crime, strikes, riots, civil disturbances, terrorist attacks, natural disasters and wars; |

| ● | deterioration of political relations with the United States; |

| ● | obligatory military service by personnel; and |

| ● | government appropriation of assets. |

We may not be able to adequately
address these additional risks. If we were unable to do so, we may be unable to complete such initial business combination or, if we
complete such initial business combination, our operations might suffer, either of which may adversely impact our results of operations
and financial condition.

We may seek acquisition opportunities in foreign countries that are subject to political, economic, and other uncertainties.

We may seek acquisition opportunities
that have operations outside the United States. As a result, we may face political and economic risks and other uncertainties with respect
these potential international operations. These risks may include the following