Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 252

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 252
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 to our initial business combination
may collectively own a minority interest in the post-transaction company, depending on valuations ascribed to the target and us in our
initial business combination transaction. For example, we could pursue a transaction in which we issue a substantial number of new shares
in exchange for all of the issued and outstanding capital stock, shares or other equity securities of a target business or issue a substantial
number of new shares to third parties in connection with financing our initial business combination. In this case, we would acquire a
100% controlling interest in the target. However, as a result of the issuance of a substantial number of new shares, our shareholders
immediately prior to our initial business combination could own less than a majority of our issued and outstanding shares subsequent
to our initial business combination. If less than 100% of the equity interests or assets of a target business or businesses are owned
or acquired by the post-transaction company, the portion of such business or businesses that is owned or acquired is what will be valued
for purposes of the 80% of fair market value test. If our initial business combination involves more than one target business, the 80%
of fair market value test will be based on the aggregate value of all of the target businesses. Notwithstanding the foregoing, if we
are not then listed on Nasdaq for whatever reason, we would no longer be required to meet the foregoing 80% of fair market value test.

Prior to the effectiveness of
the registration statement of which this prospectus forms a part, we will file a Registration Statement on Form 8-A with the SEC to voluntarily
register our securities under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). As
a result, we will be subject to the rules and regulations promulgated under the Exchange Act. We have no current intention of filing
a Form 15 to suspend our reporting or other obligations under the Exchange Act prior or subsequent to the consummation of our initial
business combination.

We Have Not Identified a Target Business

To date, 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 Sponsor and its principals may from time to time become aware of potential business opportunities, one or more
of which we may desire to pursue, for a business combination, but from the date of our incorporation through the date of this prospectus,
there have been