Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 123

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 123
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 will result in a loss to us
of the related costs incurred, which could materially adversely affect subsequent attempts to locate and acquire or merge with another
business. If we are unable to complete our initial business combination, our public shareholders may only receive $10.00 per share (whether
or not the underwriter’s over-allotment option is exercised in full) or potentially less than $10.00 per share on our redemption,
and our warrants will expire worthless.

We may engage in our initial business combination with one or more target businesses that have relationships with entities that may be affiliated with our Sponsor, executive officers or directors, which may raise potential conflicts of interest.

We have not adopted a policy
that expressly prohibits our directors, executive officers, security holders or affiliates from having a direct or indirect pecuniary
or financial interest in any investment to be acquired or disposed of by us or in any transaction to which we are a party or have an
interest. In light of the involvement of our Sponsor, executive officers, directors, and each of their affiliates, with other entities,
we may decide to acquire one or more businesses affiliated with our Sponsor, executive officers or directors, or any of their affiliates.
Our directors also serve as executive officers and board members for other entities. Our Sponsor, executive officers and directors are
not currently aware of any specific opportunities for us to consummate our initial business combination with any entities with which
they are affiliated, and there have been no discussions concerning a business combination with any such entity or entities. Although
we will not be specifically focusing on, or targeting, any transaction with any affiliated entities, we would pursue such a transaction
if we determined that such affiliated entity met our criteria for our initial business combination as set forth in “Proposed Business—Initial Business Combination—Selection of a Target Business and Structuring of a Business Combination”
and such transaction was approved by a majority of our disinterested directors. Despite our agreement to obtain an opinion from an independent
investment banking firm or another independent entity regarding the fairness to our shareholders from a financial point of view of a
business combination with one or more domestic or international businesses affiliated with our executive officers, directors or existing
holders, potential conflicts of interest still may exist and, as a result, the terms of the business combination may not be as advantageous
to our public shareholders as they would be absent any conflicts of interest. Our directors have a fiduciary duty to act in the best
interests of our shareholders, whether or not a conflict of