Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 2

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 2
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 these securities, and it is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.

<div align='center'>$200,000,000

CSLM Digital Asset Acquisition Corp III, Ltd

20,000,000 Units</div>

CSLM Digital Asset Acquisition
Corp III, Ltd, a Cayman Islands exempted company (formerly known as, CSLM Acquisition Corporation II, Ltd) (the “Company”),
is a newly organized blank check company or special purpose acquisition company (“SPAC”) formed 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, which we refer to throughout this prospectus as our “initial business combination.” We have not selected
any specific business combination target. To date, our efforts have been limited to organizational activities as well as activities related
to this offering. Our efforts to identify a potential initial business combination target will focus on companies operating in the “new
economy sectors,” which we broadly define as those in technology, financial services, or media and that are located in Frontier
Growth Markets (as defined herein). While we may pursue an initial business combination opportunity in any country or sector, we intend
to capitalize on the decades of experience of our management team and board to identify, acquire and manage a business or businesses
that we believe can benefit from their long-established relationships and expertise of having operated a successful investment management
business in these regions. Our management team and board have a decades-long track record of investing across emerging markets and deep
networks within the crypto, digital asset, and technology ecosystems. We believe we are well-positioned to identify businesses that are
building core infrastructure such as wallets, custody, exchanges, data protocols, and tokenized financial instruments as well as real-world
applications of blockchain and distributed ledger technologies, including in payments, DeFi (as defined herein), and cross-border finance.

We also believe that emerging
and frontier markets provide fertile ground for digital asset adoption given their younger demographics, fragmented financial systems,
and lower existing penetration of legacy infrastructure. We are particularly interested in opportunities that combine strong local execution
with global crypto-native scalability.

For example, CSLM Acquisition
Corp. has entered into a definitive agreement with Fusemachines, an AI company focused on emerging market talent development. In this
company, we are expanding this mandate to include crypto-native, token-enabled, or blockchain-infrastructure-oriented