Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 375

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 375
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250 Private Units if the underwriter’s over-allotment option is exercised in full), at
a price of $10.00 per Private Unit, or $7,750,000 in the aggregate (or $8,162,500 if the underwriter’s over-allotment option is
exercised in full), in a private placement that will close simultaneously with the Proposed Public Offering. Of those 775,000 Private
Units (or 816,250 Private Units if the underwriter’s over-allotment option is exercised in full), the Sponsor has agreed to purchase
500,000 Private Units (including in the event that the underwriter’s over-allotment option is exercised in full) and CCM has agreed
to purchase 275,000 Private Units (or 316,250 Private Units if the underwriter’s over-allotment option is exercised in full). Each
Private Unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole Private Placement Warrant entitles
the registered holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment.

The Private Placement Warrants will be identical to the Public Warrants sold in the Proposed Public Offering except that, so long as they are held by the Sponsor, CCM, or their permitted transferees, the Private Placement Warrants (i) may not (including the Class A ordinary shares issuable upon exercise of these Private Placement Warrants), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of the initial Business Combination, (ii) will be entitled to registration rights and (iii) with respect to Private Placement Warrants held by CCM, LLC and/or its designees, will not be exercisable more than five years from the commencement of sales in this offering in accordance with Financial Industry Regulatory Authority (“FINRA”) Rule 5110(g)(8).

<div align='center'>F-14</div>

The Sponsor, officers and directors will enter into a letter agreement with the Company, pursuant to which they will agree to (i) waive their redemption rights with respect to any shares held by them in connection with the completion of the initial Business Combination; (ii) waive their redemption rights with respect to any shares held by them in connection with a shareholder vote to approve an amendment to the amended and restated memorandum and articles of association (A) to modify the substance or timing of the Company’s obligation