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

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-12
Form: S-1/A
Chunk 25
---
 by any non-managing members. As a result, non-managing Sponsor investors will have no right to control the Sponsor, or participate in any decision regarding the disposal of any security held by the Sponsor, or otherwise.

Funds and
accounts managed by, or otherwise affiliated with, our Sponsor may participate in this offering and purchase units at the offering
price. These affiliated funds are not obligated to participate, and the extent of their participation may be significant relative to
the overall size of the offering. As a result, a substantial portion of the units sold in this offering may be held by affiliates of
the Sponsor. None of these affiliated funds have expressed an interest in purchasing more than 9.9% of the public units to be
sold in this offering, except that Meteora and its affiliates have expressed an interest in acquiring up to 19.99% of the public
units to be sold in this offering. Meteora, for which Mr. Mittal serves as the Managing Member and Chief Investment Officer, and
Consilium or their affiliates may also purchase additional public shares which they have agreed to vote in favor of an initial
business combination, thereby increasing the increase the likelihood that a proposed shareholder resolution to approve our initial
business combination will be passed (whether by way of ordinary resolution or special resolution). If the affiliated funds purchase
the full amount of the units for which they have expressed an interest and vote in favor of an initial business combination, we may
not need any public shares sold to other investors in this offering to be voted in favor of the initial business combination.
Accordingly, we may complete our initial business combination even if holders of a majority of our public ordinary shares do not
approve of the business combination we complete. Any participation by affiliated entities may reduce the available public float of
our securities, which could limit liquidity in the market for our units, Class A ordinary shares, or warrants following the
offering. Additionally, because these affiliated purchasers may have different investment horizons, liquidity needs, or strategic
interests than other investors, their participation may not align with the interests of unaffiliated public shareholders.
Furthermore, to the extent that affiliated entities hold a material portion of the units and subsequently choose to redeem their
public shares in connection with our initial business combination, this could reduce the amount of cash available to the combined
company.

<div align='center'>5</div>

Sponsor’s Securities and Compensation The table below summarizes (i) the amount of founder shares and private units