Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 398

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 398
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 is defined as the price that would be
received for sale of an asset or paid to transfer of a liability, in an orderly transaction between market participants at the measurement
date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives
the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the
lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

| ● | Level 1, defined as observable inputs                                                                                              
 such as quoted prices (unadjusted) for identical instruments in active markets;                                                    |
| ● | Level 2, defined as inputs other than                                                                                              
 quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in 
 active markets or quoted prices for identical or similar instruments in markets that are not active; and                           |
| ● | Level 3, defined as unobservable inputs                                                                                            
 in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived 
 from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.                   |

Net Loss per Ordinary Share

Net loss per ordinary share is computed by dividing
net loss by the weighted average number of ordinary shares outstanding during the period, excluding ordinary shares subject to forfeiture.
Weighted average shares were reduced for the effect of an aggregate of 1,000,000 ordinary shares that are subject to forfeiture if the
over-allotment option is not exercised by the underwriter (see Note 8). At March 31, 2025 and December 31, 2024, the Company
did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and
then share in the earnings of the Company. As a result, diluted loss per ordinary share is the same as basic loss per ordinary share
for the period presented.

Income Taxes

The Company accounts for income taxes under ASC Topic
740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes.
Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities
that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the
differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax