Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 209

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 209
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185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act and which
invest solely in U.S. Treasuries. Except for permitted withdrawals, none of the funds held in the trust account will be released from
the trust account until the earlier of: (1) the completion of our initial business combination within the required time period; (2) our
redemption of 100% of the outstanding public shares if we have not completed an initial business combination within 24 months from the
closing of this offering; and (3) the redemption of any public shares properly tendered in connection with a shareholder vote to amend
our amended and restated memorandum and articles of association (A) to modify the substance or timing of our obligation to redeem 100%
of our public shares if we do not complete our initial business combination within the required time period or (B) with respect to any
other provision relating to our pre-business combination activity and related shareholders’ rights.

The net proceeds held in the
trust account may be used as consideration to pay the sellers of a target business with which we ultimately complete our initial business
combination. If our initial business combination is paid for using shares or debt securities, or not all of the funds released from the
trust account are used for payment of the purchase price in connection with our business combination, we may apply the cash released
from the trust account that is not applied to the purchase price for general corporate purposes, including for maintenance or expansion
of operations of acquired businesses, the payment of principal or interest due on indebtedness incurred in consummating the initial business
combination, to fund the purchase of other companies or for working capital. We believe that amounts not held in trust will be sufficient
to pay the costs and expenses to which such proceeds are allocated. This belief is based on the fact that while we may begin preliminary
due diligence of a target business in connection with an indication of interest, we intend to undertake in-depth due diligence, depending
on the circumstances of the relevant prospective acquisition, only after we have negotiated and signed a letter of intent or other preliminary
agreement that addresses the terms of our initial business combination. However, if our estimate of the costs of undertaking in-depth
due diligence and negotiating our initial business combination is less than the actual amount necessary to do so, we may be required
to raise additional capital, the amount, availability and cost of which is currently unascertainable. In this event,