Company: KOYNU
Filing Date: 2025-09-04
Form Type: 8-K
Source: 0001829126-25-007166
Chunk: 0

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-09-04
Form: 8-K
Item: Item 8.01
Chunk 0
---
Item 8.01.      Other Events.  

As previously disclosed, on August 28, 2025, CSLM
Digital Asset Acquisition Corp III, Ltd (the “ Company”) consummated its initial public offering (the “ IPO”), which
consisted of 23,000,000 units (the “ Units”), including 3,000,000 Units issued pursuant to the full exercise by the underwriters
of their over-allotment option. Each Unit consists of one Class A ordinary share, $0.0001 par value (“ Class A Ordinary Share”)
and one-half of one redeemable warrant of the Company (each, a “ Warrant”), with each whole Warrant entitling the holder thereof
to purchase one Class A Ordinary Share at a price of $11.50 per share (subject to adjustment). The Units were sold at an offering price
of $10.00 per Unit, generating gross proceeds of $230,000,000.

Simultaneously with the closing of the IPO, the
Company consummated a private placement (the “ Private Placement”) of an aggregate of 891,250 units (the “ Private Units”)
to CSLM Acquisition Sponsor II, Ltd (the “ Sponsor”) and Cohen & Company Capital Markets, a division of Cohen & Company
Securities, LLC (“ CCM”), at a price of $10.00 per Private Unit, generating total proceeds of $8,912,500. Each Private Unit
consists of one Class A Ordinary Share and one-half of one redeemable Warrant, with each whole Warrant entitling the holder thereof to
purchase one Class A Ordinary Share at a price of $11.50 per share (subject to adjustment). Of those 891,250 Private Units, the Sponsor
purchased 575,000 Private Units and CCM purchased 316,250 Private Units. The Private Units are identical to the Units, except that, subject
to certain exceptions, the Private Units will not be transferable, assignable or salable until 30 days after the completion of the Company’s
initial business combination.

As of August 28, 2025, a total of
$230,000,000, consisting of the net proceeds received by the Company after deduction for commissions from the IPO and a portion of
the proceeds from the Private Placement, which amount included up to $9,200,000 in deferred underwriting commissions (based on the percentage of funds remaining in the trust account after red