Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 142

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 142
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 have shared beneficial ownership
of the securities held directly or indirectly by the Sponsor. The Sponsor is not “controlled” (as defined in 31 CFR 800.208)
by a foreign person, such that the Sponsor’s involvement in any business combination would be a “covered transaction”
(as defined in 31 CFR 800.213). However, it is possible that non-U.S. persons could be involved in our business combination, which may
increase the risk that our business combination becomes subject to regulatory review, including review by the Committee on Foreign Investment
in the United States (“CFIUS”), and that restrictions, limitations or conditions will be imposed by CFIUS. If our business
combination with a U.S. business is subject to CFIUS review, the scope of which was expanded by FIRRMA, to include certain non-passive,
non-controlling investments in sensitive U.S. businesses and certain acquisitions of real estate even with no underlying U.S. business.
FIRRMA, and subsequent implementing regulations that are now in force, also subjects certain categories of investments to mandatory filings.
If our potential business combination with a U.S. business falls within CFIUS’s jurisdiction, we may determine that we are required
to make a mandatory filing or that we will submit a voluntary notice to CFIUS, or to proceed with a business combination without notifying
CFIUS and risk CFIUS intervention, before or after closing a business combination. CFIUS may decide to block or delay our business combination,
impose conditions to mitigate national security concerns with respect to such business combination or order us to divest all or a portion
of a U.S. business of the combined company without first obtaining CFIUS clearance, which may limit the attractiveness of or prevent
us from pursuing certain initial business combination opportunities that we believe would otherwise be beneficial to us and our shareholders.
As a result, the pool of potential targets with which we could complete a business combination may be limited and we may be adversely
affected in terms of competing with other special purpose acquisition companies which do not have similar foreign ownership issues. A
failure to notify CFIUS of a transaction where such notification was required or otherwise warranted based on the national security considerations
presented by an investment target may expose our Sponsor and/or the combined company to legal penalties, costs, and/or other adverse
reputational and financial effects, thus potentially diminishing the value of the combined company. In addition, CFIUS is actively pursuing
transactions that were not notified to