Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 226

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 226
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 Company or provide any other services for our Company.”

Past experience or performance
of our team and our advisory board and their respective affiliates is not a guarantee of either (1) our ability to successfully identify
and execute a transaction or (2) success with respect to any business combination that we may consummate. You should not rely on the historical
record of our team or our advisory board or their respective affiliates as indicative of future performance. See “Risk Factor — Past performance of Consilium, Meteora Capital, our team and their respective affiliates may not be indicative of future performance of an investment in the Company.” No member of our management team has any experience operating a special purpose acquisition
company. See “Management — Conflicts of Interest” for additional information.

We do not believe, however,
based on the other companies with which our directors and officers are affiliated and their respective businesses, that the fiduciary,
contractual or other obligations or duties of our officers or directors will materially affect our ability to complete our initial business
combination.

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If we are unable to complete
our initial business combination within the completion window, or by such earlier liquidation date as our board of directors may approve,
the founder shares and private shares will be worthless, except to the extent they receive liquidating distributions from assets outside
the trust account. Additionally, we will repay up to $300,000 in loans made to us by our Sponsor to cover offering-related and organizational
expenses and we will pay our Sponsor an amount equal to $20,000 per month for company administration, office space, utilities, and secretarial
and administrative support made available to us, as described elsewhere in this prospectus. We will repay any loans which may be made
by our Sponsor or an affiliate of our Sponsor or certain of our directors and officers to finance transaction costs in connection with
an intended initial business combination; up to $1,500,000 of such loans may be convertible into private units at a price of $10.00 per
unit at the option of the lender. Upon consummation of this offering, we will also reimburse our Sponsor, directors or officers, or our
or any of their respective affiliates for any out-of-pocket expenses related to identifying, investigating and completing an initial
business combination.

The following table sets forth the payments to be received by our Sponsor and its affiliates from us prior to or in connection with the completion of our initial
business combination and the securities issued and to be issued