Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 131

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 131
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 compensation that would be determined at that time in an arm’s length
negotiation; provided that no agreement will be entered into with the underwriter or its respective affiliates and no fees or other compensation
for such services will be paid to the underwriter or its respective affiliates prior to the date that is 60 days from the date of this
prospectus, unless such payment would not be deemed underwriter’s compensation in connection with this offering. The underwriter
is also entitled to receive deferred commissions that are conditioned on the completion of an initial business combination. The underwriter’s
or its respective affiliates’ financial interests tied to the consummation of an initial business combination transaction may give
rise to potential conflicts of 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 $2,050,000 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 $700,000, 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