Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 223

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 223
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, officers and directors,
or any of their respective affiliates, will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our
behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our board of directors
may also approve the payment of advisory fees to directors in connection with such activities, including board committee service and
extraordinary administrative and analytical services. Our audit committee will review on a quarterly basis all payments that were made
to our Sponsor, officers, directors or our or any of their affiliates and will determine which expenses and the amount of expenses that
will be reimbursed. There is no cap or ceiling on the reimbursement of out-of-pocket expenses incurred by such persons in connection
with activities on our behalf.

We do not believe we will need
to raise additional funds following this offering in order to meet the expenditures required for operating our business. However, in
order to finance transaction costs in connection with an intended initial business combination, our Sponsor, executive officers, directors,
or their affiliates may, but are not obligated to, loan us funds as may be required. In the event that the initial business combination
does not close, we may use a portion of the working capital held outside the trust account to repay such loaned amounts, but no proceeds
from our trust account would be used for such repayment. Such loans would be evidenced by promissory notes. Up to $1,500,000 of such
loans may be convertible into additional private units of the post-business combination entity at a price of $10.00 per unit at the option
of the lender. The units would be identical to the private units. The terms of such loans by our Sponsor, executive officers, directors,
or their affiliates, if any, have not been determined and no written agreements exist with respect to such loans.

Our Sponsor has committed
that it will purchase 500,000 private units (or 575,000 Private Units if the over-allotment option is exercised in full) and the underwriter
has committed to purchase 275,000 private units (or 316,250 if the over-allotment option is exercised in full) at $10.00 per unit. These
purchases will take place on a private placement basis simultaneously with the consummation of this offering and the over-allotment option,
as applicable. The foregoing purchases will only be made by our Sponsor if it is able to do so in accordance with Regulation M and Sections 9(a)(