Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 387

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 387
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 policy as expressed in the Securities Act and is therefore unenforceable.

<div align='center'>II-1</div>

Item 15. Recent Sales of Unregistered Securities.

Our Sponsor has purchased
an aggregate of 7,666,667 Class B ordinary shares for an aggregate of $25,000 or $0.003 per share, up to 1,000,000 of which will be surrendered
to us for no consideration after the closing of this offering depending on the extent to which the underwriter’s over-allotment
option is exercised, which will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation
of our initial business combination, or earlier at the option of the holders thereof on a one-for-one basis, subject to the adjustments
described herein. Such securities were issued in connection with our organization pursuant to the exemption from registration contained
in Section 4(a)(2) of the Securities Act. The number of founder shares outstanding was determined based on the expectation that the
total size of this offering would be a maximum of 23,000,000 units if the underwriter’s over-allotment option is exercised in full
and therefore that such founder shares would represent 25% of the outstanding shares after this offering (excluding any shares underlying
the private units). Up to 1,000,000 of these shares will be surrendered for no consideration depending on the extent to which the underwriter’s
over-allotment option is exercised.

In addition, the Sponsor
and the underwriter in this Offering has committed to purchase an aggregate of up to 775,000 private units at $10.00 per private unit
in a private placement that will close simultaneously with this offering with each private unit consisting of one Class A ordinary share
of the Company, one-half of one warrant to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share,
and one right to receive one-twentieth of one Class A ordinary share upon the completion of our Business Combination. This issuance will
be made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

Our Sponsor and the underwriter are accredited investors for purposes of Rule 501 of Regulation D. No underwriting discounts or commissions were paid with respect to such sales.

Item 16. Exhibits and Financial Statement Schedules.

| (a) | Exhibits. The list of exhibits following the signature page of this registration statement is incorporated