Company: KOYNU
Filing Date: 2025-08-27
Form Type: 424B4
Source: 0001829126-25-006758
Chunk: 216

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-27
Form: 424B4
Chunk 216
---
 in the Cayman Islands against us or our directors or officers predicated upon the securities laws of the United States or any state in the United States. |

We have been advised by Forbes Hare, our Cayman Islands counsel, that there is uncertainty with regard to Cayman Islands law related to whether a judgment obtained from the U.S. courts under civil liability provisions of U.S. securities laws will be determined by the courts of the Cayman Islands as penal or punitive in nature. If such determination is made, the courts of the Cayman Islands will not recognize or enforce the judgment against a Cayman Islands company, such as our Company. As the courts of the Cayman Islands have yet to rule on making such a determination in relation to judgments obtained from U.S. courts under civil liability provisions of U.S. securities laws, it is uncertain whether such judgments would be enforceable in the Cayman Islands. We have been further advised that although there is no statutory enforcement in the Cayman Islands of judgments obtained in the United States, a judgment obtained in such jurisdiction will be recognized and enforced in the courts of the Cayman Islands at common law, without any re-examination of the merits of the underlying dispute, by an action commenced on the foreign judgment debt in the Grand Court of the Cayman Islands, provided such judgment:

| ● | is given by a foreign court of competent jurisdiction; |

| ● | imposes on the judgment debtor a liability to pay a liquidated sum for which the judgment has been given; |

| ● | is final; |

| ● | is not in respect of taxes, a fine or a penalty; |

| ● | was not obtained by fraud; and |

| ● | is not of a kind the enforcement of which is contrary to natural justice or the public policy of the Cayman Islands. |

Subject to the above limitations, in appropriate circumstances, a Cayman Islands court may give effect in the Cayman Islands to other kinds of final foreign judgments such as declaratory orders, orders for performance of contracts and injunctions.

As a result of all of the above, public shareholders may have more difficulty in protecting their interests in the face of actions taken against the management, members of the board of directors or controlling shareholders than they would as public shareholders of a United States-incorporated company.

<div align='center'>119</div>

<div align='center'>USE OF PROCEEDS</div>

We are offering 20,000,000 units at an offering price of $10.00 per unit. We