Company: KOYNU
Filing Date: 2025-12-02
Form Type: 425
Source: 0001829126-25-009581
Chunk: 2

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-12-02
Form: 425
Chunk 2
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 will prepare a registration
statement on Form F-4, which will include a preliminary proxy statement of the Company containing information about the proposed business
combination and the respective businesses of the Company and First Digital, as well as the prospectus relating to a potential newly formed
holding company’s securities to be issued to in connection with the completion of the proposed business combination., to be filed
with the U.S. Securities and Exchange Commission (“SEC”). In an instance where
a definitive agreement is executed and after the registration statement is declared effective, the proxy statement/prospectus will be
mailed to the Company’s shareholders. The Company urges investors and other interested persons to read, when available, the proxy
statement/prospectus, as well as other documents filed with the SEC, because these documents will contain important information about
the proposed business combination. Such persons can also read the Company’s reports filed with the SEC for a description of the
security holdings of its officers and directors and their respective interests as security holders in the consummation of the transactions
described herein. The proxy statement/prospectus, once available, and the Company’s reports can be obtained, without charge, at
the SEC’s website (http://www.sec.gov).

Participants in the Solicitation

The Company or a newly formed
holding company, First Digital and their respective directors, executive officers and other members of their management and employees,
under SEC rules, may be deemed to be participants in the solicitation of proxies of the Company’s shareholders in connection with
the proposed business combination. Investors and security holders may obtain more detailed information regarding the names, affiliations
and interests of the Company’s directors and officers in the Company’s reports filed with the SEC. Information regarding the
persons who may, under SEC rules, be deemed participants in the solicitation of proxies to the Company’s shareholders in connection
with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination when
available. Information concerning the interests of First Digital and the Company’s participants in the solicitation, which may,
in some cases, be different than those of their respective equityholders generally, will be set forth in the proxy statement/prospectus
relating to the proposed business combination when it becomes available.

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Forward-Looking Statements:

This Current Report on Form
8-K and the exhibit hereto include “forward-looking statements” with respect to the Company and First Digital. All information
in this