Company: KOYNU
Filing Date: 2025-08-28
Form Type: 8-K
Source: 0001829126-25-006839
Chunk: 3

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-28
Form: 8-K
Item: Item 3.02
Chunk 3
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Item 3.02.      Unregistered Sales of Equity Securities.  

Simultaneously with the closing of the IPO, the
Company consummated a private placement (the “ Private Placement”) of an aggregate of 891,250 units (the “ Private Units”)
to the Sponsor and CCM, at a price of $10.00 per Private Unit, generating total proceeds of $8,912,500. Each Private Unit consists of
one Class A Ordinary Share and one-half of one redeemable Warrant, with each whole Warrant entitling the holder thereof to purchase one
Class A Ordinary Share for $11.50 per share (subject to adjustment). Of those 891,250 Private Units, the Sponsor purchased 575,000 Private
Units and CCM purchased 316,250 Private Units.

The Private Units are identical to the Units sold in the IPO except with respect to certain registration rights and transfer restrictions, as described in the Registration Statement. Additionally, such holders agreed not to transfer, assign or sell any of the Private Units or underlying securities (except in limited circumstances, as described in the Registration Statement) until 30 days after the completion of the Company’s initial business combination. The holders were granted certain demand and piggyback registration rights in connection with the purchase of the Private Units and the underlying securities.

The Private Units were issued pursuant to Section 4(a)(2) of the Securities Act, as the transaction did not involve a public offering.