Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 9

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 9
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, and we will begin paying our Sponsor $30,000 per month (the “Administrative Services Fee”) for company administration,
office space, utilities, and secretarial and administrative support made available to us, as described elsewhere in this prospectus.
In the event that following this offering we obtain working capital loans from our Sponsor or any of its affiliates or from our officers
or directors to finance transaction costs related to our initial business combination, up to $1,500,000 of such loans may be convertible
into private units of the post-business combination entity at a price of $10.00 per unit at the option of our Sponsor. Additionally,
following consummation of a business combination, members of our management team will be entitled to reimbursement for any out-of-pocket
expenses related to identifying, investigating and completing an initial business combination. As a result, there may be actual or potential
material conflicts of interest between members of our management team, our Sponsor and its affiliates on the one hand, and purchasers
in this offering on the other. See “Summary — Sponsor Information”, “Summary — The Offering — Founder Shares”, “Summary — The Offering — Transfer Restrictions on Founder Shares”, and “Summary — The Offering — Founder Shares Conversion and Anti-Dilution Rights” and “Risk Factors — Risks Relating to our Securities — The nominal purchase price paid by our Sponsor for the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination, and our Sponsor is likely to make a substantial profit on its investment in us in the event we consummate an initial business combination, even if the business combination causes the trading price of our ordinary shares to materially decline.” for further discussion of our Sponsor’s and our affiliates’ securities and compensation.

As more fully discussed
in “Management — Conflicts of Interest,” each of our officers and directors presently has, and any of them in
the future may have additional, fiduciary, contractual or other obligations or duties to one or more other entities pursuant to which
such officer or director is or will be required to present a business combination opportunity to such entities. The low price that our
Sponsor, executive officers and directors (directly or indirectly) paid for the founder shares creates an incentive whereby our officers
and directors could potentially make a substantial profit even if we select an acquisition target that subsequently declines in value
and is unprofitable for public shareholders. If we are unable to complete our initial business combination within 24