Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 202

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 202
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 restrict the operations of the potential future target business; |

| ● | require us or the potential future target business to restructure the relevant ownership structure 
 or operations;                                                                                     |

| ● | restrict or prohibit our use of the proceeds of this offering to finance our businesses and operations 
 in the relevant jurisdiction; or                                                                       |

| ● | impose conditions or requirements with which we or the potential future target business may not be 
 able to comply.                                                                                    |

Many of the economies in Emerging and Frontier markets are experiencing substantial inflationary pressures which may prompt the governments to take action to control the growth of the economy and inflation that could lead to a significant decrease in our profitability following our initial business combination.

While many of the economies
in the emerging and frontier markets have experienced rapid growth over the last two decades, they have also experienced inflationary
pressures. As governments take steps to address inflationary pressures, there may be significant changes in the availability of bank
credits, interest rates, limitations on loans, restrictions on currency conversions and foreign investment. There also may be imposition
of price controls. If prices for the products of our ultimate target business rise at a rate that is insufficient to compensate for the
rise in the costs of supplies, it may have an adverse effect on our profitability. If these or other similar restrictions are imposed
by a government to influence the economy, it may lead to a slowing of economic growth. Because we are not limited to any specific industry,
the ultimate industry that we operate in may be affected more severely by such a slowing of economic growth.

Exchange rate fluctuations and currency policies may cause a target business’ ability to succeed in the international markets to be diminished.

We intend to acquire a non-U.S.
target, all revenues and income would likely be received in a foreign currency, and the dollar equivalent of our net assets and distributions,
if any, could be adversely affected by reductions in the value of the local currency. The value of the currencies in our target regions
fluctuate and are affected by, among other things, changes in political and economic conditions. Any change in the relative value of
such currency against our reporting currency may affect the attractiveness of any target business or, following consummation of our initial
business combination, our financial condition and results of operations. Additionally, if a currency appreciates in value against the
dollar prior to the consummation of our initial business combination, the cost of a target business as measured in dollars will increase,
which may make it less likely that we are able to