Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 273

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 273
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 to forfeiture                                                                               
 by our Sponsor depending on the extent to which the underwriter’s over-allotment option is exercised.                                        |

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Immediately after this offering, our initial shareholders will beneficially own 25% of the then issued and outstanding ordinary shares (assuming our initial shareholders do
not purchase any units in this offering and excluding any shares underlying the private units) and will have the right to elect all of our directors prior to our initial business
combination as a result of holding all of the founder shares. Holders of our public
shares will not have the right to appoint any directors to our board of directors
prior to our initial business combination. In addition, because of their ownership
block, our initial shareholders may be able to effectively influence the outcome of
all other matters requiring approval by our shareholders, including amendments to
our amended and restated memorandum and articles of association and approval of significant
corporate transactions. If we increase or decrease the size of this offering, we will
effect a capitalization or share repurchase or redemption or other appropriate mechanism, as applicable, with respect
to our founder shares immediately prior to the consummation of this offering in such
amount as to maintain the number of founder shares, on an as-converted basis, at 25% of our issued and outstanding ordinary shares upon the consummation of this offering (excluding any shares underlying the private units).

To the extent the underwriter does not exercise its over-allotment option, up to an
aggregate of 1,000,000 founder shares will be subject to forfeiture. Our Sponsor will be required to surrender for no consideration only that number of founder shares necessary to maintain the representation by the founder shares of a 25% ownership interest in our outstanding ordinary shares (without giving effect to
the sale of the private units) after consummation of this offering.

Assuming no exercise
of the over-allotment option, our Sponsor has committed that it will purchase an aggregate of 500,000 private units and the underwriter
has committed to purchase an aggregate of 275,000 private units (or 316,250 if the over-allotment option is exercised in full) at $10.00
per unit. These purchases will take place on a private placement basis simultaneously with the consummation of this offering. The private
units are identical to the public units, except as otherwise described herein.

Our initial shareholders have agreed (A) to vote their private shares in