Company: KOYNU
Filing Date: 2025-07-22
Form Type: S-1/A
Source: 0001829126-25-005283
Chunk: 394

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-22
Form: S-1/A
Chunk 394
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 the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Elliott Davis, PLLC

We have served as the Company's auditor since 2024.

Charlotte, North Carolina

June 18, 2025 except for Notes 1, 6, and 9, as to which the date is July 22, 2025

<div align='center'>F-2</div>

<div align='center'>CSLM Digital Asset Acquisition Corp III, Ltd

BALANCE SHEETS</div>

| ASSETS                                                                                                                                                                        |     | March 31, 
 2025      |         |   |     | December 31, 
 2024         |         |   |
|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:----------|--------:|:--|:----|:-------------|--------:|:--|
| Current asset – cash                                                                                                                                                          |     | $         |  25,000 |   |     | $            |       - |   |
| Deferred offering costs                                                                                                                                                       |     |           |  85,281 |   |     |              |  35,480 |   |
| Total Assets                                                                                                                                                                  |     | $         | 110,281 |   |     | $            |  35,480 |   |
| LIABILITIES AND SHAREHOLDER’S DEFICIT                                                                                                                                         |     |           |         |   |     |              |         |   |
| Current liabilities:                                                                                                                                                          |     |           |         |   |     |              |         |   |
| Accrued offering costs                                                                                                                                                        |     | $         |  85,281 |   |     | $            |  35,480 |   |
| Accrued expenses                                                                                                                                                              |     |           |   6,870 |   |     |              |  11,426 |   |
| Accounts payable                                                                                                                                                              |     |           |  36,143 |   |     |              |       - |   |
| Promissory note – related party                                                                                                                                               |     |           |  11,394 |   |     |              |