Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 100

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 100
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 frustrate our ability to find and consummate an initial business combination and may result in our inability to consummate an initial
business combination on terms favorable to our investors altogether.

You will not be entitled to protections normally afforded to investors of many other blank check companies.

Since the net proceeds of this
offering are intended to be used to complete our initial business combination with a target business that has not been identified, we
may be deemed to be a “blank check” company under the United States securities laws. However, s we are exempt from rules
promulgated by the SEC to protect investors in blank check companies, such as Rule 419. Accordingly, investors will not be afforded
the benefits or protections of those rules. Among other things, this means our units will be immediately tradable and we may have a longer
period of time to complete our initial business combination than do companies subject to Rule 419. Moreover, offerings subject to
Rule 419 would prohibit the release of any interest earned on funds held in the trust account to us unless and until the funds in
the trust account were released to us in connection with our consummation of an initial business combination. For a more detailed comparison
of our offering to offerings that comply with Rule 419, please see “Proposed Business—Comparison of This Offering to Those of Blank Check Companies Subject to Rule 419 .”

Because of our limited resources and the significant competition for business combination opportunities, it may be more difficult for us to complete our initial business combination. If we are unable to complete our initial business combination, our public shareholders may receive only approximately $10.00 per share, or less in certain circumstances, on our redemption of their stock, and our warrants will expire worthless.

We expect to encounter intense
competition from other entities having a business objective similar to ours, including private investors (which may be individuals or
investment partnerships), other blank check companies and other entities, domestic and international, competing for the types of businesses
we intend to acquire. Many of these individuals and entities are well-established and have extensive experience in identifying and effecting,
directly or indirectly, acquisitions of companies operating in or providing services to various industries. Many of these competitors
possess greater technical, human and other resources or more local industry knowledge than we do and our financial resources will be
relatively limited when contrasted with those of many of these competitors. While we believe there will be numerous target businesses
we could potentially acquire with the net proceeds of this offering and the sale