Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 195

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 195
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 may vary and as a result, we may engage a number of consultants to assist with legal and financial due diligence. We do not anticipate    
 any change in our intended use of proceeds, other than fluctuations among the current categories of allocated expenses, which fluctuations,     
 to the extent they exceed current estimates for any specific category of expenses, would not be available for our expenses. The amount          
 in the table above does not include interest available to us from the trust account.                                                            |

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The Nasdaq rules provide that at least 90% of the gross proceeds from this offering
and the sale of the private units be deposited in a trust account. Of the gross proceeds of this offering and the sale
of the private units, a total of $201,000,000 (or $231,500,000 if the underwriter’s over-allotment option is exercised in full), will be placed in a segregated trust
account located in the United States maintained by Continental Stock Transfer & Trust Company acting as trustee, and will be invested only in U.S. government treasury
bills, notes and bonds with a maturity of 185 days or less or in money market funds
meeting certain conditions under Rule 2a-7 under the Investment Company Act and which invest solely in U.S. Treasuries. Except
for (x) all interest income that may be released to us to pay taxes, and (y) up to $100,000 to pay dissolution expenses, as discussed below, none of the funds
held in the trust account will be released from the trust account until the earlier
of: (1) the completion of our initial business combination within the required time period;
(2) our redemption of 100% of the outstanding public shares if we have not completed an
initial business combination within 24 months from the closing of this offering; and (3) the redemption of any public shares properly tendered in connection with a shareholder
vote to amend our amended and restated memorandum and articles of association (A) to modify the substance or timing of our obligation to redeem 100% of our public shares
if we do not complete our initial business combination within the required time period
or (B) with respect to any other provision relating to our pre-business combination activity
and related shareholders’ rights.

The net proceeds held in the trust account may be used as consideration to pay the
sellers of a target business with which we ultimately complete our initial business
combination. If our