Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 350

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 350
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 of interest in connection with this offering.

Notice to Prospective Investors in the European Economic Area and United Kingdom

This prospectus is not a prospectus for the purposes of the Prospectus Regulation
(as defined below). This prospectus and any offer if made subsequently is directed
only at persons in Member States of the European Economic Area (the “EEA”) or in the
United Kingdom (the “UK”) (each, a “Relevant State”) who are “qualified investors”
within the meaning of Article 2(e) of the Prospectus Regulation. This prospectus has
been prepared on the basis that any offer of our securities in any Relevant State
will be made pursuant to an exemption under the Prospectus Regulation from the requirement
to publish a prospectus for offers of our securities. Accordingly any person making
or intending to make an offer in that Relevant State of our securities which are the
subject of the offering contemplated in this prospectus may only do so in circumstances
in which no obligation arises for the Company or any of the underwriter to publish
a prospectus pursuant to Article 3 of the Prospectus Regulation in relation to such
offer. Neither we nor the underwriter has authorized, nor do we or they authorize,
the making of any offer of our securities in circumstances in which an obligation
arises for us or the underwriter to publish a prospectus for such offer. The expression
“Prospectus Regulation” means Regulation (EU) 2017/1129.

In relation to each Relevant State, no offer of our securities which are the subject
of the offering contemplated by this prospectus to the public may be made in that
Relevant State other than:

| (a) | to any legal entity which is a qualified investor as defined 
 in the Prospectus Regulation;                                |

| (b) | to fewer than 150 natural or legal persons (other than qualified                                                                      
 investors as defined in the Prospectus Regulation), subject to obtaining the prior consent of the relevant underwriter or underwriter 
 nominated by us for any such offer; or                                                                                                |

| (c) | in any other circumstances falling within Article 1(4) of                                                                            
 the Prospectus Regulation, provided that no such offer of our securities shall require us or any underwriter to publish a prospectus 
 pursuant to Article 3 of the Prospectus Regulation.                                                                                  |

For the purposes of this provision, the expression an “offer of our securities to
the public” in relation to our securities in any Relevant