Company: KOYNU
Filing Date: 2025-08-27
Form Type: 424B4
Source: 0001829126-25-006758
Chunk: 223

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-27
Form: 424B4
Chunk 223
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deficit)                                                                                                                                                                                                       |     | $           |  (90,082 | ) |     | $           |  (5,335,758 | ) |
| Total capitalization                                                                                                                                                                                                                |     | $           |  180,312 |   |     | $           | 202,883,242 |   |

| (1) | Our Sponsor may loan us up to $300,000 under an unsecured promissory note to be used for a portion of the expenses of this offering. The “as adjusted” information gives effect to the repayment of any loans received from our Sponsor out of the proceeds from this offering and the sale of the private units. As of June 30, 2025, we had borrowed $270,394 under the promissory note with our Sponsor.                                                                                                                                                                                                                                                                                                                                       |
| (2) | As adjusted amount represents the fair value of the underwriter’s over-allotment option of 3,000,000 units, assuming no exercise of the underwriter’s over-allotment option.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| (3) | Upon the completion of our initial business combination, we will provide our public shareholders with the opportunity to redeem their public shares, regardless of whether they abstain, vote for, or vote against, our initial business combination, for cash at a per share price equal to the aggregate amount then on deposit in the trust account calculated as of two business days prior to the consummation of our initial business combination, including interest earned on the funds held in the trust account (less taxes payable), divided by the number of then outstanding public shares, subject to any limitations (including, but not limited to, cash requirements) created by the terms of the proposed business combination. |
| (4) | Actual share amount is prior to any forfeiture of founder shares and as adjusted amount assumes no exercise of the underwriter’s over-allotment option and forfeiture of an aggregate of 1,000,000 founder shares. Pursuant to a Securities Transfer Agreement, our Sponsor has transferred 20,000 founder shares (or 100,000 in the aggregate) to each of the Company’s directors, Christopher Bradley, Brian Rudick, Mathew August, Danel Calvillo Armendariz and Dr. Jim Kyung Soo Liew, for the sum of $0.003 per share.                                                                                                                                                                                                                      |

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<div align='center'>MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANC