Company: KOYNU
Filing Date: 2025-08-27
Form Type: 424B4
Source: 0001829126-25-006758
Chunk: 12

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-27
Form: 424B4
Chunk 12
---
 begin. Once the securities comprising the public units begin separate trading, we expect that our Class A ordinary shares and public warrants will be listed on Nasdaq under the symbols “KOYN” and “KOYNW,” respectively.

We are an “emerging growth company” and a “smaller reporting company” under applicable federal securities laws and will be subject to reduced public company reporting requirements. See “Risk Factors” beginning on page 56 for a discussion of information that should be considered in connection with an investment in our securities. Investors will not be entitled to protections normally afforded to investors in Rule 419 blank check offerings.

Investing in our securities involves a high degree of risk.

Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

No offer or invitation, whether directly or indirectly, is being or may be made to the public in the Cayman Islands to subscribe for any of our securities.

|                                           |     | Per Unit |       |     | Total |             |
|:------------------------------------------|:----|:---------|------:|:----|:------|------------:|
| Public offering price                     |     | $        | 10.00 |     | $     | 200,000,000 |
| Underwriting discounts and commissions(1) |     | $        |  0.60 |     | $     |  12,000,000 |
| Proceeds, before expenses, to us          |     | $        |  9.40 |     | $     | 188,000,000 |

| (1) | Includes $0.20 per unit, or $4,000,000 in the aggregate (excluding any units sold pursuant to the                                                                                
 underwriter’s option to purchase additional units, or $4,600,000 in the aggregate if the underwriter’s option to                                                                 
 purchase additional units is exercised in full) (including a $500,000 referral fee paid by the underwriter to United First Partners LLC, whether or not the underwriter’s option 
 to purchase additional units is exercised) payable to the underwriter upon the closing of this offering. The underwriter has                                                     
 committed to using $2,750,000 of such funds to purchase from us 275,000 private units (or 316,250 private units if the                                                           
 over-allotment option is exercised in