Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 234

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 234
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 duties to us. We do not believe, however, based on the other companies with which our directors and officers are affiliated
and their respective businesses, that any of the foregoing fiduciary duties or contractual obligations will materially
affect our ability to identify and pursue business combination opportunities or complete
our initial business combination.

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Our executive offices are located at 2400 E. Commercial Boulevard, Suite 900, Ft.
Lauderdale, FL 33308 and our telephone number is (954) 315-9381.

Mail addressed to the
Company and received at its registered office in the Cayman Islands will be forwarded unopened to the forwarding address supplied by
the Company to be dealt with. None of the Company or its directors, officers, advisors or service providers (including the
organization which provides registered office services in the Cayman Islands) will bear any responsibility for any delay howsoever
caused with regards to mail reaching the forwarding address.

Selection of a Target Business and Structuring of a Business Combination

Nasdaq listing rules
require that our initial business combination must be with one or more operating businesses or assets with a fair market value equal
to at least 80% of the assets held in the trust account (excluding the deferred underwriting commissions and taxes payable on the income
earned on the trust account) at the time of the agreement to enter into our initial business combination. We refer to this as the 80%
of fair market value test. The fair market value of the target or targets will be determined by our board of directors based upon one
or more standards generally accepted by the financial community, such as discounted cash flow valuation or value of comparable businesses.
If our board of directors is not able to independently determine the fair market value of the target business or businesses, we will
obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions
with respect to the satisfaction of such criteria. Unless we complete our initial business combination with an affiliated entity, we
are not required to obtain an opinion that the price we are paying is fair to our Company from a financial point of view. We do not currently
intend to purchase multiple businesses in unrelated industries in conjunction with our initial business combination, although there is
no assurance that will be the case. Subject to this requirement, our management will have virtually unrestricted flexibility in identifying
and selecting one or more prospective target businesses, although we will not be permitted to effectuate our initial