Company: KOYNU
Filing Date: 2025-07-22
Form Type: S-1/A
Source: 0001829126-25-005283
Chunk: 15

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-22
Form: S-1/A
Chunk 15
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 ($10.00 per unit in either case), will be placed into a U.S.-based trust account with Continental Stock Transfer & Trust Company acting as trustee.

Because our Sponsor (and upon the closing of the Securities Transfer Agreement, each of the Company’s director nominees Christopher Bradley, Brian Rudnick, Mathew August, Danel Calvillo Armendariz and Dr. Jim Kyung Soo Liew) acquired the founder shares at a nominal price, our public shareholders will incur an immediate and substantial dilution upon the closing of this offering, assuming no value is ascribed to the warrants included in the units. Further, the Class A ordinary shares issuable in connection with the conversion of the founder shares (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.

The following table illustrates the difference between the public offering price per unit and our net tangible book value per share (NTBV), as adjusted to give effect to this offering and assuming the redemption of our public shares at varying levels and the exercise in full and no exercise of the over-allotment option. See section entitled “Dilution” for more information.

| As of March 31, 2025                            |      |     |                |      |     |            |      |     |                |      |     |            |      |     |                |      |     |            |      |     |            |       |   |     |            |       |
|:------------------------------------------------|-----:|:----|:---------------|-----:|:----|:-----------|-----:|:----|:---------------|-----:|:----|:-----------|-----:|:----|:---------------|-----:|:----|:-----------|-----:|:----|:-----------|:------|:--|:----|:-----------|------:|
| Offering                                        
 Price of                                        
 $10.00                                          
 per Unit                                        |      |     | 25% of Maximum 
 Redemption     |      |     |            |      |     | 50% of Maximum 
 Redemption     |      |     |            |      |     | 75% of Maximum 
 Redemption     |      |     |            |      |     | Maximum    
 Redemption |       |   |     |            |       |