Company: KOYNU
Filing Date: 2025-06-18
Form Type: S-1
Source: 0001829126-25-004586
Chunk: 268

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-06-18
Form: S-1
Chunk 268
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 and less up to $100,000 of interest to pay dissolution expenses) divided by the number of then issued and outstanding public shares. |
| Impact to remaining shareholders |     | The redemptions in connection with our initial business combination will reduce the book value per share for our remaining shareholders, who will bear the burden of the deferred underwriting commissions and interest withdrawn in order to pay our taxes (to the extent not paid from amounts accrued as interest on the funds held in the trust account).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |     | If the permitted purchases described above are made, there would be no impact to our remaining shareholders because the purchase price would not be paid by us.                                                                                                                                                                   |     | The redemption of our public shares if we fail to complete our initial business combination will reduce the book value per share for the shares held by our initial shareholders, who will be our only remaining shareholders after such redemptions.                                                                                                                                                                                                                                                                 |

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Comparison of This Offering to Those 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