Company: KOYNU
Filing Date: 2025-12-04
Form Type: 425
Source: 0001829126-25-009688
Chunk: 2

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-12-04
Form: 425
Chunk 2
---
 Act, regardless of any general incorporation language in such filings.

| (d) | Exhibits |

| Exhibit No. 
 99.1*       |     | Description                                            
 Press                                                  
 release (English), dated December 2, 2025.             |
|:------------|:----|:-------------------------------------------------------|
| 99.2*       |     | Investor                                               
 Presentation                                           |
| 99.3        |     | Press                                                  
 Release (Chinese - Simplified), dated December 2, 2025 |
| 99.4        |     | Press Release                                          
 (Chinese - Traditional), dated December 2, 2025        |
| 99.5        |     | Press Release                                          
 (Japanese), dated December 2, 2025                     |
| 99.6        |     | Press Release                                          
 (Korean), dated December 2, 2025                       |
| 99.7        |     | Press Release                                          
 (Malay), dated December 2, 2025                        |
| 104         |     | Cover Page Interactive Data File (embedded             
 within the Inline XBRL document).                      |

| * | Previously 
 Filed      |

<div align='center'>1

SIGNATURES</div>

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated December 4, 2025

| CSLM DIGITAL ASSET ACQUISITION CORP III, LTD |                         |
| By:                                          | /s/ Vikas Mittal        |
| Name:                                        | Vikas Mittal            |
| Title:                                       | Chief Financial Officer |

<div align='center'>2</div>