Company: KOYNU
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001829126-25-006117
Chunk: 437

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-12
Form: S-1/A
Chunk 437
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22,820 | ) |

<div align='center'>F-33</div>

The CODM reviews formation, general and administrative
costs to manage and forecast cash to ensure enough capital is available to complete a business combination or similar transaction within
the business combination period. The CODM also reviews formation, general and administrative costs to manage, maintain and enforce all
contractual agreements to ensure costs are aligned with all agreements and budget. Formation, general and administrative costs, as reported
on the statement of operations, are the significant segment information provided to the CODM on a regular basis. All other segment items
included in net income or loss are reported on the statement of operations and described within their respective disclosures.

The CODM reviews the position of total assets
available with the company to assess if the Company has sufficient resources available to discharge its liabilities. The CODM is provided
with details of cash and liquid resources available with the Company. Additionally, the CODM regularly reviews the status of deferred
costs incurred to assess if these are in line with the planned use of proceeds to be raised from the public offering.

Note 6 — Related Party Transactions

Founder Shares

On January 23, 2025 the Sponsor made capital
contributions of $25,000, or approximately $0.004 per share, to cover certain of the Company’s expenses, for which the Company
issued 5,750,000 Class B ordinary shares (“founder shares”) to the Sponsor. In March 2025, the Company effected a share
capitalization pursuant to which the Company issued an additional 1,916,667 founder shares resulting in an aggregate of 7,666,667 founder
shares outstanding to the Sponsor, resulting in a price per share of approximately $0.003 per share. Up to 1,000,000 of the Founder Shares
may be surrendered by the Sponsor for no consideration depending on the extent to which the underwriter’s over-allotment option
is exercised. Our Sponsor has committed, pursuant to a Securities Transfer Agreement that will close immediately prior to effectiveness
of the registration statement of which this prospectus forms a part, to transfer 20,000 founder shares (or 100,000 in the aggregate)
to each of the Company’s director nominees, Christopher Bradley, Brian Rudick, Mathew August, Danel Calvillo Armendariz and Dr.
Jim Kyung Soo Liew, for the sum of $0.003 per share.

The Company’s initial shareholders have