Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 216

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 216
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 are issued, which may                                  
 affect, among other things, our ability to use our net operating loss carry forwards, if any, and could result in the resignation 
 or removal of our present officers and directors;                                                                                 |

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

| ● | may adversely affect prevailing market prices for our public shares. |

Similarly, if we issue debt
securities or otherwise incur significant indebtedness, it could result in:

| ● | default and foreclosure on our assets if our operating revenues after our initial business combination 
 are insufficient to repay our debt obligations;                                                        |

| ● | acceleration of our obligations to repay the indebtedness even if we make all principal and interest                                   
 payments when due if we breach certain covenants that require the maintenance of certain financial ratios or reserves without a waiver 
 or renegotiation of that covenant;                                                                                                     |

| ● | our immediate payment of all principal and accrued interest, if any, if the debt is payable on demand; |

| ● | our inability to obtain necessary additional financing if any document governing such debt contains 
 covenants restricting our ability to obtain such financing while the debt security is outstanding;  |

| ● | our inability to pay dividends on our ordinary shares; |

| ● | using a substantial portion of our cash flow to pay principal and interest on our debt, which will                                  
 reduce the funds available for dividends on our ordinary shares if declared, expenses, capital expenditures, acquisitions and other 
 general corporate purposes;                                                                                                         |

| ● | limitations on our flexibility in planning for and reacting to changes in our business and in the 
 industry in which we operate;                                                                     |

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| ● | increased vulnerability to adverse changes in general economic, industry and competitive conditions 
 and adverse changes in government regulation; and                                                   |

| ● | limitations on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions,                            
 debt service requirements, execution of our strategy and other purposes and other disadvantages compared to our competitors who have 
 less debt.                                                                                                                           |

As indicated in the accompanying
financial statements as of March 31, 2025, we had $25,000 in cash and working capital deficit of $114,688. Further, we expect to
incur significant costs in the pursuit of our acquisition plans. We cannot assure you that our plans to raise capital or