Company: KOYNU
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001829126-25-006117
Chunk: 394

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-12
Form: S-1/A
Chunk 394
---
 Private Units
(or 891,250 Private Units if the underwriter’s over-allotment option is exercised in full), the Sponsor has agreed to purchase
500,000 Private Units (or 575,000 Private Units 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 Unit will consist of one Class A ordinary
share (the “Public Shares”), and one-half of one redeemable warrant (the “Public Warrants”). Each Private Unit
will consist of one Class A ordinary share (“Private Placement Share”), and one-half of one redeemable warrant (“Private
Placement Warrant”). Each whole Public Warrant and Private Placement Warrant (together the “Warrants”) entitles the
holder to purchase one Class A ordinary share at a price of $11.50 per share. The Company’s management has broad discretion with
respect to the specific application of the net proceeds of the Proposed Public Offering and the Private Units, although substantially
all of the net proceeds are intended to be generally applied toward consummating a Business Combination (less deferred underwriting commissions).

The Company’s Business Combination must be
with one or more target businesses that together have a fair market value equal to at least 80% of the net balance in the Trust Account
(as defined below) (excluding the amount of deferred underwriting discounts held and taxes payable on the income earned on the Trust
Account) at the time of the signing an agreement to enter into a Business Combination. However, the Company will only complete a Business
Combination if the post-Business Combination company owns or acquires 50% or more of the outstanding voting securities of the target
or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company
under the Investment Company Act of 1940, as amended (the “Investment Company Act”). There is no assurance that the Company
will be able to successfully effect a Business Combination.

<div align='center'>F-6</div>

Upon the closing of the Proposed Public Offering,
management has agreed that an aggregate of $10.00 per Unit sold in the Proposed Public Offering will be held in a trust account (the
“Trust Account”) and initially be invested only in U.S. government treasury obligations with a maturity of 185 days or