Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 302

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 302
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 time, it will control the voting by these shares and will have the sole discretion as to when to convert the founder shares     
 and private shares into Class A ordinary Shares.                                                                                           |
| (5) | Represents shares transferred                                                                                                              
 by the Sponsor pursuant to a Securities Transfer Agreement that will close immediately prior to effectiveness                              
 of the registration statement of which this prospectus forms a part, to transfer 20,000 founder shares                                     
 (or 100,000 in the aggregate) to each of the Company’s director nominees, Christopher Bradley,                                             
 Brian Rudick, Mathew August, Danel Calvillo Armendariz and Dr. Jim Kyung Soo Liew, for the sum of                                          
 $0.003 per share.                                                                                                                          |
| (6) | Based on 6,666,667 shares issued                                                                                                           
 and outstanding before the offering.                                                                                                       |
| (7) | This number assumes that the underwriters’ over-allotment option is not exercised, and the                                                 
 Sponsor has acquired 500,000 private units at a price of $10.00 per unit (with each unit consisting of one Class A ordinary share,         
 and one-half of one redeemable warrant) in a private placement. The Class A ordinary shares derived from the private placement units       
 and warrants are not included in this calculation.                                                                                         |
| (8) | This number assumes that the underwriters’ over-allotment option is not exercised and following                                            
 the completion of the offering, 27,441,667 ordinary shares in total remain outstanding.                                                    |

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Immediately after this offering,
our initial shareholders will beneficially own 25% of the then issued and outstanding ordinary shares (assuming our initial shareholders
do not purchase any units in this offering and excluding any shares underlying the private units) and will have the right to elect all
of our directors prior to our initial business combination as a result of holding all of the founder shares. Holders of our public shares
will not have the right to appoint any directors to our board of directors prior to our initial business combination. In addition, because
of their ownership block, our initial shareholders may be able to effectively influence the outcome of all other matters requiring approval
by our shareholders, including amendments to our amended and restated memorandum and articles of association and approval of significant
corporate transactions. If we increase or decrease the size of this offering, we will effect a capitalization or share repurchase or