Company: KOYNU
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001829126-25-006117
Chunk: 422

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-12
Form: S-1/A
Chunk 422
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the “Units”) (or 23,000,000
Units if the underwriter’s over-allotment option is exercised in full), which is discussed in Note 3 (the “Proposed Public
Offering”), and the sale of an aggregate of 775,000 private units (or 891,250 private units if the underwriter’s over-allotment
option is exercised in full) (the “Private Units”) to the Sponsor and Cohen & Company Capital Markets, a division of
Cohen & Company Securities, LLC (“CCM”), the underwriter of the Proposed Public Offering, at a price of $10.00 per Private
Unit, or $7,750,000 in the aggregate (or $8,912,500 if the underwriter’s over-allotment option is exercised in full), in a private
placement that will close simultaneously with the Proposed Public Offering, which is discussed in Note 4. Of those 775,000 Private Units
(or 891,250 Private Units if the underwriter’s over-allotment option is exercised in full), the Sponsor has agreed to purchase
500,000 Private Units (or 575,000 Private Units in the event that the underwriter’s over-allotment option is exercised in full)
and CCM has agreed to purchase 275,000 Private Units (or 316,250 Private Units if the underwriter’s over-allotment option is exercised
in full).

Each Unit will consist of one Class A ordinary
share (the “Public Shares”), and one-half of one redeemable warrant (the “Public Warrants”). Each Private Unit
will consist of one Class A ordinary share (“Private Placement Share”), and one-half of one redeemable warrant (“Private
Placement Warrant”). Each whole Public Warrant and Private Placement Warrant (together the “Warrants”) entitles the
holder to purchase one Class A ordinary share at a price of $11.50 per share. The Company’s management has broad discretion with
respect to the specific application of the net proceeds of the Proposed Public Offering and the Private Units, although substantially
all of the net proceeds are intended to be generally applied toward consummating a Business Combination (less deferred underwriting commissions).

The Company’s Business Combination must
be with one or more target businesses that together have a fair market value equal to at least 80% of the net balance in the Trust Account
(as defined below) (excluding the amount of deferred underwriting discounts held and taxes