Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 67

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 67
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 our redemption of our public shares in connection with the approval of any amendment to the provisions of our amended and restated        
 memorandum and articles of association governing our pre-initial business combination activity and related shareholders’ rights.          
 Therefore, unless and until our initial business combination is consummated, the proceeds held in the trust account will not be available 
 for our use for any expenses related to this offering or expenses which we may incur related to the investigation and selection of        
 a target business and the negotiation of an agreement to acquire a target business. The proceeds deposited in the trust account could     
 become subject to the claims of our creditors, if any, which could have priority over the claims of our public shareholders.              |

| Unless                                                                                                                                    
 and until we complete our initial business combination, no proceeds held in the trust account will be available for our use, except       
 the withdrawal of interest to pay taxes, if any. Based upon current interest rates, we expect the trust account to generate approximately 
 $11,250,000 of interest annually (or $12,937,500 if the over-allotment option is exercised in full) (assuming an interest rate of         
 4.50% per year). Unless and until we complete our initial business combination, we may pay our expenses only from:                        |

| ● | that portion of the net proceeds of                                                                                                  
 this offering and the sale of the private units not held in the trust account and cash held outside the trust account before the     
 offering, which will be approximately $2,973,324 in working capital after the payment of approximately $776,676 in offering expenses 
 relating to this offering (assuming that the over-allotment has not been exercised); and                                             |

| ● | any                                                                                                                                 
 loans or additional investments from our Sponsor, members of our management team or any of their affiliates or other third parties, 
 although they are under no obligation to loan funds or invest in us and provided that any such loans will not have any claim on the 
 proceeds held in the trust account unless such proceeds are released to us upon completion of our initial business combination.     |

| Limited              
 payments to insiders |     | There                                                                                                                                
 will be no fees, reimbursements or other cash payments paid to our Sponsor, officers and directors, or their affiliates prior to,    
 or for any services they render in order to effectuate, the consummation of our initial business combination (regardless of the type 
 of transaction that it is) other than the following payments, none of which will