Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 8

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 8
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 the number
of shares used to determine the 25% interest. The Class A ordinary shares issuable in connection with the conversion of the founder shares
or an increase in the size of the offering (including those issued in connection with an increase in the size of the offering) may ultimately
result in material dilution to our public shareholders due to the anti-dilution rights of our founder shares that may result in an issuance
of Class A ordinary shares on a greater than one-to-one basis upon conversion. Public shareholders will experience additional dilution
from the issuance of the shares (the “private shares”) underlying the private units (including private shares underlying
private units issued upon conversion of working capital loans). Further, upon exercise of the warrants underlying the private units (the
“private warrants”), we will issue an aggregate of 387,500 Class A ordinary shares (or 408,125 Class A ordinary shares if
the underwriter’s over-allotment option is exercised in full). Additional shares may be issued upon exercise of any private warrants
underlying the private units issued upon conversion of working capital loans. The exercise of the warrants would cause the actual dilution
to the public shareholders to be higher, particularly where a cashless exercise is utilized for the warrants. See “Summary— The Offering— Sponsor’s Securities and Compensation” for further discussion on Sponsor’s and our affiliates’ securities and compensation. The proceeds from the sale of the founder shares will not be placed in the trust account described below.

Prior to the closing of
our initial business combination, only holders of our Class B ordinary shares (i) will have the right to vote to appoint and remove directors
prior to or in connection with the completion of our initial business combination and (ii) will be entitled to vote on continuing our
Company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend our constitutional documents
or to adopt new constitutional documents, in each case, as a result of our approving a transfer by way of continuation in a jurisdiction
outside the Cayman Islands). On any other matters submitted to a vote of our shareholders prior to or in connection with the completion
of our initial business combination, holders of the Class B ordinary shares and holders of the Class A ordinary shares will vote together
as a single class, except as required by law.

Upon consummation of this
offering or thereafter, we will repay up to $300,000 in loans made to us by our Sponsor to cover offering-related and organizational
expenses