Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 115

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 115
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 and risk could
have an adverse effect on our after-tax profitability and financial condition.

The post-business combination company may issue shares to investors in connection with our initial business combination at a price which is less than $10.00 or the prevailing market price of our shares the Company, the proceeds held in trust could be reduced and the per-share redemption price received by shareholders may be less than $10.00 per share.

The Company’s placing
of funds in trust may not protect those funds from third party claims against the Company. Although the Company will seek to have all
vendors and service providers the Company engages and prospective target businesses the Company negotiates with execute agreements with
the Company waiving any right, title, interest or claim of any kind in or to any monies held in the trust account for the benefit of
the Company’s public shareholders, they may not execute such agreements. Furthermore, even if such entities execute such agreements
with the Company, they may seek recourse against the trust account. A court may not uphold the validity of such agreements. Accordingly,
the proceeds held in trust could be subject to claims which could take priority over those of the Company’s public shareholders.
If the Company is unable to complete a business combination and distribute the proceeds held in trust to the Company’s public shareholders,
the Sponsor has agreed (subject to certain exceptions described in Exhibit 10.1 to this registration statement) that it will be liable
to ensure that the proceeds in the trust account are not reduced below $10.00 per share by the claims of target businesses or claims
of vendors or other entities that are owed money by the Company for services rendered or contracted for or products sold to the Company.
However, it may not be able to meet such obligation. Therefore, the per-share distribution from the trust account may be less than $10.00,
plus interest, due to such claims.

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Examples of possible instances
where we may engage a third party that refuses to execute a waiver include the engagement of a third-party consultant whose particular
expertise or skills are believed by management to be significantly superior to those of other consultants that would agree to execute
a waiver or in cases where management is unable to find a service provider willing to execute a waiver. In addition, there is no guarantee
that such entities will agree to waive any claims they may have in the future as a result of, or arising out of, any negotiations, contracts
or agreements with us and will not seek recourse against the trust