Company: KOYNU
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001829126-25-006117
Chunk: 376

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-12
Form: S-1/A
Chunk 376
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 warrants, including the tax consequences under U.S. federal, state and local, estate, non-U.S. and other tax laws and tax treaties and the possible effects of changes in U.S. or other tax laws.

<div align='center'>218</div>

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

We are offering the units described in this prospectus through the underwriter named below. We will enter into an underwriting agreement with Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC. Subject to the terms and conditions of the underwriting agreement, the underwriter will agree to purchase, and we will agree to sell to the underwriter, the number of public units listed next to each name in the following table.

| Underwriter                                                                    |     | Number of 
 Units     |            |
| Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC |     |           |            |
| Total                                                                          |     |           | 20,000,000 |

The underwriting agreement provides that the underwriter must buy all of the public units if it buys any of them. However, the underwriter is not required to purchase the units covered by the underwriter’s option to purchase additional units as described below. The underwriter may offer and sell the units through certain of its affiliates or other registered broker-dealers or selling agents.

Our public units are offered hereby subject to a number of conditions, including:

| ● | receipt and acceptance of such units by the underwriter; and |

| ● | the underwriter’s right to reject orders in whole or in part. |

In connection with this offering, the underwriter or securities dealers may distribute prospectuses electronically.

Our Sponsor is advised by Consilium Investment Management LLC (“CIM”), an SEC-registered investment management firm headquartered in Fort Lauderdale, Florida. Charles T. Cassel III, our Chief Executive Officer and Jonathan Binder, one of our directors, are principals of CIM. Given our affiliation with CIM, we intend to capitalize on its global platform and investment expertise which we believe, together with the extensive experience of our management team, well positions our Company. CIM will act as an advisor and will assist with general diligence, administrative, and advisory support we require in the sourcing of potential targets for our initial business combination or in its general role as advisor. However, we have not entered into a formal agreement with CIM and we will not compensate CIM for such services. The founders of CIM have over six decades of experience in Emerging Markets and