Company: KOYNU
Filing Date: 2025-08-28
Form Type: 8-K
Source: 0001829126-25-006839
Chunk: 6

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-28
Form: 8-K
Item: Item 8.01
Chunk 6
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Item 8.01.      Other Events.  

As of August 28, 2025, a total of $230,000,000
of the net proceeds from the IPO and the Private Placement, which amount included $9,200,000 in deferred underwriting commissions, were
deposited in a trust account established for the benefit of the Company’s public shareholders, with Continental Stock Transfer &
Trust Company acting as trustee. An audited balance sheet as of August 28, 2025, reflecting receipt of the proceeds upon consummation
of the IPO and the Private Placement will be filed within four (4) business days of the consummation of the IPO. Except with respect to
interest earned on the funds held in the trust account that may be released to the Company to (i) pay any income, franchise or excise
taxes, payable by the Company, and (ii) pay up to $100,000 for dissolution expenses, the funds held in the trust account will not be released
from the trust account until the earliest of: (1) the completion of the Company’s initial business combination within the required
time period; (2) the redemption of any public shares properly tendered in connection with a shareholder vote to amend the Amended and
Restated Memorandum and Articles of Association (A) to modify the substance or timing of the Company’s obligation to redeem 100%
of the public shares if the Company does not complete an initial business combination within the required time period or (B) with respect
to any other provision relating to our pre-business combination activity and related shareholders’ rights; and (3) the Company’s
redemption of 100% of the outstanding public shares if the Company has not completed an initial business combination within 24 months
from the closing of the IPO, subject to applicable law.

On August 26, 2025, the Company issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.

On August 28, 2025, the Company issued a press release announcing the closing of the IPO, a copy of which is attached as Exhibit 99.2 to this Current Report on Form 8-K.