Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 8

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 8
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 shareholders due to the anti-dilution rights of our founder shares that may result in an issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion. Public shareholders will experience additional dilution from the issuance of the shares (the “private shares”) underlying the private units (including private shares underlying private units issued upon conversion of working capital loans). Further, upon exercise of the warrants underlying the private units (the “private warrants”), we will issue an aggregate of 387,500 Class A ordinary shares (or 408,125 Class A ordinary shares if the underwriter’s over-allotment option is exercised in full). Upon the completion of our business combination, the 775,000 rights underlying the private units (the “private rights”) will be exchanged for 38,750 Class A ordinary shares (or 40,881 Class A ordinary shares if the underwriter’s over-allotment option is exercised in full). Additional shares may be issued upon exercise of any private warrants and private rights underlying the private units issued upon conversion of working capital loans. The exercise of the warrants and exchange of the rights would cause the actual dilution to the public shareholders to be higher, particularly where a cashless exercise is utilized for the warrants. See “Summary— The Offering— Sponsor’s Securities and Compensation” for further discussion on Sponsor’s and our affiliates’ securities and compensation.The proceeds from the sale of the founder shares will not be placed in the trust account described below.

Prior to the closing of our
initial business combination, only holders of our Class B ordinary shares (i) will have the right to vote to appoint and remove directors
prior to or in connection with the completion of our initial business combination and (ii) will be entitled to vote on continuing our
Company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend our constitutional documents
or to adopt new constitutional documents, in each case, as a result of our approving a transfer by way of continuation in a jurisdiction
outside the Cayman Islands). On any other matters submitted to a vote of our shareholders prior to or in connection with the completion
of our initial business combination, holders of the Class B ordinary shares and holders of the Class A ordinary shares will vote together
as a single class, except as required by law.

Upon consummation of this offering or thereafter, we will repay up to $300,000 in loans made to us by our Sponsor to cover offering-related and organizational expenses, and we will begin paying our Sponsor $20