Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 320

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 320
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 such
securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that
we will not be required to effect or permit any registration or cause any registration
statement to become effective until termination of the applicable lock-up period as
described under [“Principal Shareholders — Transfers of Founder Shares.”] We will bear the expenses incurred in connection with the filing of any such registration
statements.

<div align='center'>189</div>

<div align='center'>TAXATION</div>

The following summary of certain Cayman Islands and United States federal income tax consequences of an investment in our units, each consisting of one Class A ordinary share, one-half of one redeemable warrant, and one right to receive one-twentieth (1/20) of one Class A ordinary share upon the completion of our initial
business combination which we refer to collectively as our securities, is based upon laws and relevant
interpretations thereof in effect as of the date of this prospectus, all of which
are subject to change. This summary does not deal with all possible tax consequences
relating to an investment in our Class A ordinary shares, warrants, and rights such as the tax consequences under state, local and other tax laws.

Prospective investors should consult their advisors on the possible tax consequences
of investing in our securities under the laws of their country of citizenship, residence
or domicile.

Cayman Islands Taxation

The following is a discussion on certain Cayman Islands income tax consequences of
an investment in our securities. The discussion is a general summary of present law, which is subject
to prospective and retroactive change. It is not intended as tax advice, does not
consider any investor’s particular circumstances, and does not consider tax consequences other than those
arising under Cayman Islands law.

Under Existing Cayman Islands Laws

The Cayman Islands currently levies no taxes on individuals or corporations based
upon profits, income, gains, or appreciation and there is no taxation in the nature
of inheritance tax, gift tax, or estate duty. There are no other taxes likely to be material to us levied by the
Government of the Cayman Islands except for stamp duties which may be applicable on
instruments executed in, or, after execution, brought within the jurisdiction of the
Cayman Islands. No stamp duty is payable in the Cayman Islands on the issue of shares
by, or any transfers of shares of, Cayman Islands companies (except those which hold
interest