Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 284

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 284
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 Class B ordinary shares outstanding, of which all were held of record by our Sponsor, so that our Sponsor will own approximately 25% of our issued and outstanding shares after this offering (assuming our Sponsor does
not purchase any units in this offering and not including private units or ordinary shares underlying the private units and the over-allotment option is not exercised by the underwriter). Up to 1,000,000 of the founder shares will be surrendered to us for no consideration by our Sponsor depending on the extent to which the underwriter’s over-allotment option is exercised. Upon the closing of this offering, 27,441,667 of our ordinary shares will be outstanding (assuming no exercise of the underwriter’s over-allotment option and the corresponding surrender to us for no consideration of 1,000,000 founder shares by our initial shareholders) including:

| ● | 20,000,000 Class A ordinary shares underlying units issued 
 as part of this offering;                                  |

| ● | 6,666,667 Class B ordinary shares held by the Sponsor;               |
| ● | 775,000 Class A ordinary shares comprising part of the private units |

If we increase or decrease the size of the offering pursuant to Rule 462(b) under the Securities Act, we will effect a stock dividend or share contribution
back to capital, as applicable, immediately prior to the consummation of the offering
in such amount as to maintain the ownership of our Sponsor, prior to this offering
at 25% of our issued and outstanding shares (excluding any shares underlying the private units) upon the consummation of this offering, as described above. Ordinary shareholders
of record are entitled to one vote for each share held on all matters to be voted
on by shareholders. Unless specified in our amended and restated memorandum and articles
of association, or as required by applicable provisions of Cayman Island laws or stock
exchange rules, the affirmative vote of a majority of our shares that are voted is
required to approve any such matter voted on by our shareholders. Our shareholders
are entitled to receive ratable dividends when, as and if declared by the Board of
Directors out of funds legally available therefor. We will consummate our initial
business combination only if a vote is held to approve a business combination, a majority
of the outstanding shares voted are voted in favor of the business combination.

Ordinary shareholders
of record are entitled to one vote for each share held on all matters to be voted on