Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 31

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 31
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 leverage our experience in scaling businesses in order to help accelerate growth.         |

| ● | Underpenetrated                                                                                                                              
 and growing total addressable market. Based on our prior research and personal experience,                                                   
 we believe Frontier Growth Markets present a significant opportunity to invest in companies which serve an underpenetrated total addressable 
 market. These countries hold significant potential due to their geographical size, favorable population trends and the emergence of a        
 middle-class in certain countries.                                                                                                           |

| ● | Strong                                                                                                                                 
 management team and culture. We will look to partner with a passionate, experienced management                                         
 team that is capable of scaling a business. We will also evaluate ways to support the team in its transition to becoming a U.S.-listed 
 company and beyond.                                                                                                                    |

| ● | Market                                                                                                                                   
 leadership. We will seek to combine with a company with a leading position in its geography,                                             
 market share, volume, technology, product capabilities, or other attributes across an industry or segment, significant barriers to entry 
 and a sustainable competitive advantage.                                                                                                 |

| ● | Attractive                                                                                                                              
 valuation. We believe that valuations of some companies in Frontier Growth Markets are discounted                                       
 relative to U.S. peers. We look to seek an acquisition of a company that has potential to grow valuation levels in line with its global 
 peers.                                                                                                                                  |

| ● | Focus                                                                                         
 on ESG and social empowerment. We will look for companies focused on making a positive impact 
 across a variety of ESG themes within Frontier Growth Markets, as well as on a larger scale.  |

Our Acquisition Process In evaluating a prospective target business, we expect to conduct a due diligence review which may encompass, among other things, meetings with incumbent management and employees, document reviews, interviews of customers and suppliers, inspection of facilities, as applicable, as well as a review of financial, operational, legal and other information about the target and its industry which will be made available to us. If we determine to move forward with a particular target, we will proceed to structure and negotiate the terms of the business combination transaction.

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The time required to select and evaluate a target business and to structure and complete our initial business combination, and the costs associated with this process, are not currently ascertainable with any degree of certainty. Any costs incurred with respect to the identification and evaluation of, and negotiation with, a prospective target business with which our initial business combination is not ultimately completed will result in our incurring