Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 112

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 112
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 of the United States, it is possible that we
domesticate and continue as a corporation organized under the laws of a state of the United States prior to certain redemptions. Because
we expect that, following such a domestication, our securities would continue to trade on a national securities exchange, in such a case,
we could be subject to the Excise Tax with respect to any subsequent redemptions (including redemptions in connection with an extension
vote or the initial business combination). Whether and to what extent we would be subject to the Excise Tax in connection with a business
combination, extension vote or otherwise would depend on a number of factors, including (i) the fair market value of the redemptions
and repurchases in connection with the business combination, extension vote or otherwise, (ii) the structure of a business combination,
(iii) the nature and amount of any “PIPE” or other equity issuances in connection with a business combination (or otherwise
issued not in connection with a business combination but issued within the same taxable year of a business combination) and (iv) the
content of final regulations and other guidance from the U.S. Department of the Treasury. On June 28, 2024, the Treasury finalized
certain of the proposed regulations (those relating to procedures for reporting and paying the Excise Tax). The remaining regulations
(largely relating to the computation of the Excise Tax) remain in proposed form. The Treasury intends to finalize these proposed regulations
at a later date and, until such time, taxpayers may continue to rely on the proposed regulations.

Any Excise Tax that becomes
payable as a result of any redemptions of our public shares (or other shares into which such public shares may be converted) would be
payable by us and not by the redeeming holder. We may use the interest earned on the proceeds placed in the trust account, to pay for
possible Excise Tax or any other fees or taxes that may be levied on the Company on any redemptions or share buybacks by the Company
pursuant to any current, pending or further rules or laws, including without limitation any Excise Tax, prior to release of such funds
from the trust account following our initial business combination. To the extent the Excise Tax is applicable, the amount of cash available
to transfer to the target business in connection with our initial business combination may be reduced, which could result in our inability
to meet conditions in the agreement