Company: KOYNU
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001829126-25-006117
Chunk: 421

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-12
Form: S-1/A
Chunk 421
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 |                    |         |   |     |                     |         |   |
| Deferred                                                                               
 offering costs included in accrued offering costs                                      |     | $                  |  85,281 |   |     | $                   |  35,480 |   |
| Formation,                                                                             
 general and administrative costs paid by Sponsor under promissory note – related party |     | $                  |       - |   |     | $                   |  11,394 |   |

<div align='center'>The accompanying notes are an integral part of
these financial statements.

F-24</div>

<div align='center'>CSLM Digital Asset Acquisition Corp III, Ltd

NOTES TO FINANCIAL STATEMENTS

MARCH 31, 2025</div>

Note 1 — Organization and Business Operations

CSLM Digital Asset Acquisition Corp III, Ltd
(formerly known as, CSLM Acquisition Corporation II, Ltd) (the “Company”) is a blank check company incorporated as a Cayman
Islands exempted company on July 26, 2024. The Company was incorporated for the purpose of entering into a merger, share exchange,
asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses (the
“Business Combination”). The Company has not selected any specific Business Combination target, and the Company has not,
nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any Business Combination target with
respect to an initial Business Combination with the Company.

As of March 31, 2025, the Company has not
commenced any operations. All activity for the period from July 26, 2024 (inception) through March 31, 2025 relates to the
Company’s formation and the Proposed Public Offering (as defined below). The Company will not generate any operating revenues until
after the completion of its initial Business Combination, at the earliest. The Company may generate non-operating income in the form
of interest income on cash and cash equivalents and dividend income from marketable securities purchased from the proceeds derived from
the Proposed Public Offering (as defined below). The Company has selected December 31 as its fiscal year end.

The Company’s Sponsor is CSLM Acquisition
Sponsor II, Ltd (the “Sponsor”). The Company’s ability to commence operations is contingent upon obtaining adequate
financial resources through a proposed public offering of 20,000,000 units at $10.00 per unit (