Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 313

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 313
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 sold in this offering.
The price of the private units was determined in negotiations between our Sponsor and the underwriter for this offering, with reference
to the prices paid by initial shareholders for such units in special purpose acquisition companies which have recently consummated their
initial public offerings.

If we do not consummate our
initial business combination within 24 months from the closing of this offering, the proceeds from the sale of the private units held
in the trust account will be used to fund the redemption of our public shares (subject to the requirements of applicable law) and the
private units (and the component securities) will expire worthless.

In order to fund working capital
deficiencies or finance transaction costs in connection with an intended initial business combination, our Sponsor or an affiliate of
our Sponsor or certain of our officers and directors may, but are not obligated to, loan us funds as may be required. Up to $1,500,000
of such loans may be convertible into private units at a price of $10.00 per unit at the option of the lender at the time of the business
combination. The units would be identical to the private units sold in the private placement.

<div align='center'>183</div>

Each of the units that may be
issued upon conversion of working capital loans shall be identical to the private units. Following the expiration of the lock-up described
under “Principal Shareholders” with respect to the private units, units issuable upon conversion of working capital
loans and extension loans and their respective component securities, such securities will be transferable, assignable or saleable, subject
to an effective registration statement covering such securities or an applicable exemption from registration.

Ordinary Shares

Prior to the date of this
prospectus, there were 7,666,667 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). Our Sponsor has committed, 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