Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 61

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 61
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| However,                                                                                                                                
 if the non-managing Sponsor investors purchase any of the units for which they have expressed to us an interest in purchasing, then the 
 non-managing Sponsor investors will potentially have different interests than our other public shareholders in approving our initial    
 business combination and otherwise exercising their rights as public shareholders because of their indirect ownership of founder shares 
 and private units, as further discussed in this prospectus. Any trading decisions made by any of the foregoing entities will be made    
 by them based on market conditions at the time of the proposed sale or redemption.                                                      |

| For more information on additional financing we may raise in connection with our initial business combination and risks related thereto, See “Risk Factors — We may issue additional shares of ordinary or preference shares to complete our initial business combination or under an employee incentive plan upon or after consummation of our initial business combination, which would dilute the interest of our shareholders and likely present other risks.” |

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| Offering proceeds to be held in the trust account |     | The Nasdaq rules provide that at least 90% of the gross proceeds from this offering and the sale of the units be deposited in a trust account. Of the net proceeds we will receive from this offering and the sale of the private units described in this prospectus, $201,000,000, $231,150,000 if the underwriter’s over-allotment option is exercised in full ($10.05 per unit in either case), will be placed in a U.S. based trust account with Continental Stock Transfer & Trust Company acting as trustee, and initially be invested only in U.S. government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations; the holding of these assets in this form is intended to be temporary and for the sole purpose of facilitating the intended business |

| Except                                                                                                                              
 as set forth below, the proceeds held in the trust account will not be released until the earlier of: (1) the completion of our     
 initial business combination within the required time period; (2) our redemption                                                    
 of 100% of the outstanding public shares if we have not completed an initial business combination in the required time period; or   
 (3) our redemption of our public shares in connection with the approval of any amendment to the provisions of our amended and       
 restated memorandum and