Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 235

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 235
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 business combination
solely with another blank check company or a similar company with nominal operations.

In any case, we will only complete an initial business combination if the post-transaction company owns or acquires 50% or more of the issued and outstanding voting securities
of the target or otherwise acquires a controlling interest in the target business
sufficient for it not to be required to register as an investment company under the
Investment Company Act. If less than 100% of the equity interests or assets of a target
business or businesses are owned or acquired by the post-transaction company, the portion of such business or businesses that is owned or acquired is what
will be valued for purposes of the 80% of fair market value test. There is no basis
for investors in this offering to evaluate the possible merits or risks of any target
business with which we may ultimately complete our initial business combination.

To the extent we effect our initial business combination with a company or business
that may be financially unstable or in its early stages of development or growth we
may be affected by numerous risks inherent in such company or business. Although our
management will endeavor to evaluate the risks inherent in a particular target business,
we cannot assure you that we will properly ascertain or assess all significant risk
factors.

In evaluating a prospective target business, we expect to conduct a thorough due diligence
review which may encompass, among other things, meetings with incumbent management
and employees, document reviews, inspection of facilities, as well as a review of
financial, operational, legal and other information, which will be made available
to us.

The time required to select and evaluate a target business and to structure and complete
our initial business combination, and the costs associated with this process, are
not currently ascertainable with any degree of certainty. Any costs incurred with
respect to the identification and evaluation of a prospective target business with
which our initial business combination is not ultimately completed will result in
our incurring losses and will reduce the funds we can use to complete another business
combination.

Fair Market Value of Target Business

The target business or businesses that we acquire must collectively have a fair market
value equal to at least 80% of the balance of the funds in the trust account (excluding
any taxes payable on the interest earned, if any) at the time of the execution of
a definitive agreement for our initial business combination, although we may acquire
a target business whose fair market value significantly exceeds 80% of the trust account