Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 180

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 180
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Notwithstanding the foregoing, the private warrants may be exercisable for unregistered warrant shares for cash even if the prospectus
relating to the warrant shares issuable upon exercise of the warrants is not current and effective.

The determination of the offering price of our units and the size of this offering is more arbitrary than the pricing of securities and size of an offering of an operating company in a particular industry.

Prior to this offering there
has been no public market for any of our securities. The public offering price of the units and the terms of the warrants were negotiated
between us and the underwriter. In determining the size of this offering, management held customary organizational meetings with representatives
of the underwriter, both prior to our inception and thereafter, with respect to the state of capital markets, generally, and the amount
the underwriter believed it reasonably could raise on our behalf. Factors considered in determining the size of this offering, prices
and terms of the units, including the Class A ordinary shares, warrants, and rights underlying the units, include:

| ● | the history and prospects of companies whose principal business is the acquisition 
 of other companies;                                                                |

| ● | prior offerings of those companies; |

| ● | our prospects for acquiring an operating business at attractive values; |

| ● | a review of debt-to-equity ratios in leveraged transactions; |

| ● | our capital structure; |

| ● | an assessment of our management and their experience in identifying operating 
 companies;                                                                    |

| ● | general conditions of the securities markets at the time of this offering; and |

| ● | other factors as were deemed relevant. |

Although these factors were
considered, the determination of our offering price is more arbitrary than the pricing of securities of an operating company in a particular
industry since we have no historical operations or financial results.

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There is currently no market for our securities and a market for our securities may not develop, which would adversely affect the liquidity and price of our securities.

Although we have applied to
list our securities on Nasdaq, as of the date of this prospectus there is currently no market for our securities. Prospective shareholders
therefore have no access to information about prior market history on which to base their investment decision. Following this offering,
the price of our securities may vary significantly due to one or more potential business combinations and general market or economic
conditions. Once listed on Nasdaq, an active trading market for our securities may never develop or,