Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 122

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 122
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 if preference     
 shares are issued with rights senior to those afforded to Class A ordinary shares; |

| ● | could cause a change in control if a substantial number of Class A ordinary                                                       
 shares are issued, which may affect, among other things, the post-business combination company’s ability to use its net operating 
 loss carry forwards, if any, and could result in the resignation or removal of the post-business combination company’s officers   
 and directors;                                                                                                                    |

| ● | may have the effect of delaying or preventing a change of control of the post-business                                                      
 combination company by diluting the share ownership or voting rights of a person seeking to obtain control of the post-business combination 
 company; and                                                                                                                                |

| ● | may adversely affect prevailing market prices for our Class A ordinary shares. |

For more information on additional financing that we may raise in connection with our business combination and risks related thereto, also see “ — Risks Relating to the Post-Business Combination Company —The post-business combination company may issue shares to investors in connection with our initial business combination at a price which is less than $10.00 or the prevailing market price of our shares at that time, which could dilute the interests of our existing shareholders and add costs” and “ — We may issue notes or other debt securities, or otherwise incur substantial debt, to complete our initial business combination, which may adversely affect our financial condition and thus negatively impact the value of our shareholders’ investment in us.”

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Resources could be consumed in researching acquisitions that are not consummated, which could materially adversely affect subsequent attempts to locate and acquire or merge with another business. If we do not complete our initial business combination within the required time period, our public shareholders may receive only approximately $10.00 per public share, or less in certain circumstances, on the liquidation of our trust account, and our warrants will expire worthless.

We anticipate that the investigation
of each specific target business and the negotiation, drafting, and execution of relevant agreements, disclosure documents, and other
instruments will require substantial management time and attention and substantial costs for accountants, attorneys and others. If we
decide not to complete a specific initial business combination, the costs incurred up to that point for the proposed transaction likely
would not be recoverable. Furthermore, if we reach an agreement relating to a specific target business, we may fail to consummate our
initial business combination for any number of reasons including those beyond our control. Any such event