Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 275

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 275
---
 | our obligation to convert or repurchase Class A ordinary shares held by our public shareholders may 
 reduce the resources available to us for a business combination; and                                |

| ● | our outstanding warrants and unit purchase options, and the potential future dilution they represent. |

Any of these factors may place
us at a competitive disadvantage in successfully negotiating a business combination. Our management believes, however, that our status
as a public entity and potential access to the United States public equity markets may give us a competitive advantage over privately
held entities having a similar business objective as ours in acquiring a target business with significant growth potential on favorable
terms.

If we succeed in effecting a
business combination, there will be, in all likelihood, intense competition from competitors of the target business. We cannot assure
you that, subsequent to a business combination, we will have the resources or ability to compete effectively.

Facilities

We currently maintain our executive
offices at 2400 E. Commercial Boulevard, Suite 900, Ft. Lauderdale, FL 33308. The cost for this space is included in the $30,000 per
month fee that we will pay our Sponsor for company administration, office space, utilities, and secretarial and administrative support.
We consider our current office space adequate for our current operations.

Employees

We currently have three officers
and do not intend to have any full-time employees prior to the completion of our initial business combination. Members of our team are
not obligated to devote any specific number of hours to our matters but they intend to devote as much of their time as they deem necessary
to our affairs until we have completed our initial business combination. The amount of time that any such person will devote 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, and warrants 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