Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 277

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 277
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 of Blank Check Companies Subject to Rule 419

The following table compares
the terms of this offering to the terms of an offering by a blank check company subject to the provisions of Rule 419. This comparison
assumes that the gross proceeds, underwriting commissions and underwriting expenses of our offering would be identical to those of an
offering undertaken by a company subject to Rule 419, and that the underwriter will not exercise its over-allotment option. None
of the provisions of Rule 419 apply to our offering.

|                                 |     | Terms of Our Offering                                                                                                                 |     | Terms Under a Rule 419                                                                                                                    
 Offering                                                                                                                                  |
| Escrow of offering proceeds     |     | $200,000,000 of the net proceeds of this offering and the sale of the private                                                         
 units will be deposited into a trust account located in the United States with Continental Stock Transfer & Trust Company acting      
 as trustee.                                                                                                                           |     | Approximately $175,700,991 of the offering proceeds, representing the gross                                                               
 proceeds of this offering, would be required to be deposited into either an escrow account with an insured depositary institution         
 or in a separate bank account established by a broker-dealer in which the broker-dealer acts as trustee for persons having the beneficial 
 interests in the account                                                                                                                  |
| Investment of net proceeds      |     | $200,000,000 of the net proceeds of this offering and the sale of the private                                                         
 units, held in trust will be invested in United States “government securities” within the meaning of Section 2(a)(16)                 
 of the Investment Company Act with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 
 promulgated under the Investment Company Act which invest only in direct U.S. government treasury obligations.                        |     | Proceeds could be invested only in specified securities such as a money market                                                            
 fund meeting conditions of the Investment Company Act or in securities that are direct obligations of, or obligations guaranteed          
 as to principal or interest by, the United States.                                                                                        |
| Receipt of interest on escrowed 
 funds                           |     | Interest on proceeds from the trust account to be paid to shareholders will                                                           
 be reduced by any taxes payable and, in the event we are unable to complete our initial Business Combination within the time period   
 prescribed by our amended and restated memorandum and articles of association, will be further reduced by any permitted withdrawals.  |