Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 231

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 231
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a substantial number of new shares in exchange for all of the issued and outstanding
capital stock, shares or other equity securities of a target business or issue a substantial
number of new shares to third parties in connection with financing our initial business
combination. In this case, we would acquire a 100% controlling interest in the target.
However, as a result of the issuance of a substantial number of new shares, our shareholders
immediately prior to our initial business combination could own less than a majority
of our issued and outstanding shares subsequent to our initial business combination.
If less than 100% of the equity interests or assets of a target business or businesses
are owned or acquired by the post-transaction company, the portion of such business or businesses that is owned or acquired is what
will be valued for purposes of the 80% of fair market value test. If our initial business
combination involves more than one target business, the 80% of fair market value test
will be based on the aggregate value of all of the target businesses. Notwithstanding
the foregoing, if we are not then listed on Nasdaq for whatever reason, we would no
longer be required to meet the foregoing 80% of fair market value test.

Prior to the effectiveness of the registration statement of which this prospectus
forms a part, we will file a Registration Statement on Form 8-A with the SEC to voluntarily register our securities under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). As a result,
we will be subject to the rules and regulations promulgated under the Exchange Act.
We have no current intention of filing a Form 15 to suspend our reporting or other obligations under the Exchange Act prior or subsequent
to the consummation of our initial business combination.

We Have Not Identified a Target Business

To date, we have not selected any specific business combination target. To date, our
efforts have been limited to organizational activities as well as activities related
to this offering. Our Sponsor and its principals may from time to time become aware of potential business
opportunities, one or more of which we may desire to pursue, for a business combination,
but from the date of our incorporation through the date of this prospectus, there
have been no substantive discussions, directly or indirectly, between any of our officers,
directors, promoters and other affiliates on our behalf and any of their contacts
or relationships regarding a potential initial business combination with our Company.
Additionally,