Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 252

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 252
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 in any time period will vary based on whether a target
business has been selected for our initial business combination and the current stage
of the business combination process.

Periodic Reporting and Audited Financial Statements

We have registered our units,
Class A ordinary shares, warrants and rights under the Exchange Act and have reporting obligations, including the requirement that we
file annual, quarterly and current reports with the SEC. In accordance with the requirements of the Exchange Act, our annual report will
contain financial statements audited and reported on by our independent registered public accountants.

We will provide shareholders with audited financial statements of the prospective
target business as part of any proxy solicitation materials or tender offer documents
sent to shareholders to assist them in assessing the target business. These financial
statements will need to be prepared in accordance with or reconciled to GAAP or IFRS.
We cannot assure you that any particular target business identified by us as a potential
acquisition candidate will have the necessary financial statements. To the extent
that this requirement cannot be met, we may not be able to acquire the proposed target
business.

We may be required to have our internal control procedures audited for the fiscal
year ending December 31, 2026 as required by the Sarbanes-Oxley Act. A target company may not be in compliance
with the provisions of the Sarbanes-Oxley Act regarding adequacy of their internal
controls. The development of the internal controls of any such entity to achieve compliance
with the Sarbanes-Oxley Act may increase the time and costs necessary to complete
any such acquisition.

Legal Proceedings

There is no material litigation, arbitration or governmental proceeding currently
pending against us or any members of our management team.

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Comparison of Redemption or Purchase Prices in Connection with Our Initial Business Combination and if We Fail to Complete Our Initial Business Combination.

The following table compares the redemptions and other permitted purchases of public
shares that may take place in connection with the completion of our initial business
combination and if we are unable to complete our initial business combination within
the completion window.

|                                  |     | Redemptions in Connection                                                                                                           
 with our Initial Business                                                                                                           
 Combination                                                                                                                         |     | Other Permitted Purchases of                                                                                                                                           
 Public Shares by our                                                                                                                                                   
 Affiliates                                                                                                                                                             |     | Redemptions if we fail to                                                                                                                   
 Complete an Initial Business                                                                                                                
 Combination                                                                                                                                 |
| Calculation of redemption price  |