Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 213

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 213
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,000 in the aggregate) to each of the Company’s director nominees, Christopher Bradley, Brian
Rudick, Mathew August, Danel Calvillo Armendariz and Dr. Jim Kyung Soo Liew, for the sum of $0.003 per share). Such calculations do not
reflect any dilution associated with the exercise of warrants as the warrants are accounted for as equity and are only exercisable following
the consummation of our initial business combination. The assumed exercise of the warrants would cause the actual dilution to the public
shareholders to be higher, particularly where a cashless exercise is utilized. In addition, as we intend to target an initial business
combination with a target business whose enterprise value is greater than what we could acquire with the net proceeds of this offering
and the sale of the private units, we may need to issue ordinary shares, preference shares and convertible equity or debt securities
in connection with additional financing. Any such issuances of equity securities may significantly dilute the equity interest of public
shareholders, which dilution would even further increase if the anti-dilution provisions in the Class B ordinary shares resulted in the
issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion of the Class B ordinary shares.

The following table illustrates
the difference between the public offering price per unit and our NTBV per share, as adjusted to give effect to this offering and assuming
redemption of our public shares at varying levels and the full exercise and no exercise of the over-allotment option:

| As of March 31, 2025 |                                                 |     |                |      |     |            |      |     |                |      |     |            |      |     |                |      |     |            |      |     |            |       |   |     |            |       |
|:---------------------|------------------------------------------------:|:----|:---------------|-----:|:----|:-----------|-----:|:----|:---------------|-----:|:----|:-----------|-----:|:----|:---------------|-----:|:----|:-----------|-----:|:----|:-----------|:------|:--|:----|:-----------|------:|
| Offering             
 Price of             
 $10.00               
 per Unit             |                                                 |     | 25% of Maximum 
 Redemption     |      |     |            |      |     | 50% of Maximum 
 Redemption