Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 5

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 5
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 option,
as applicable.

[______] institutional investors
(none of which are affiliated with any member of our management, our Sponsor or any other investor), which we refer to as the “non-managing
Sponsor investors” throughout this prospectus, have expressed an interest to indirectly purchase, through the purchase of securities
in our Sponsor, an aggregate of ______ private units ($______ in the aggregate) at a price of $10.00 per unit [(or ______ units ($______
in the aggregate)) if the over-allotment option is exercised in full) in a private placement that will close simultaneously with the closing
of this offering. Subject to each non-managing Sponsor investor indirectly purchasing, through securities in our Sponsor, the private
units allocated to it in connection with the closing of this offering, the Sponsor will issue its securities at a nominal purchase price
to the non-managing Sponsor investors reflecting interests in an aggregate of [_] founder shares (or [_] founder shares if the over-allotment
option is exercised in full) held by the Sponsor. The Sponsor will continue holding founder shares and private units until the completion
of our initial business combination, and as such, until that time, it will control the voting by these shares and will have the sole discretion
as to when to convert the founder shares and private shares into Class A ordinary Shares.

The non-managing Sponsor
investors have expressed to us an interest in purchasing up to an aggregate of approximately [_________] public units in this offering
at the offering price (assuming the exercise in full of the underwriter’s over-allotment option). None of the non-managing Sponsor
investors has expressed to us an interest in purchasing more than 9.9% of the units to be sold in this offering. There can be no assurance
that the non-managing Sponsor investors will acquire any public units, either directly or indirectly, in this offering, or as to the amount
of the units the non-managing Sponsor investors will retain, if any, prior to or upon the consummation of our initial business combination.
Because these expressions of interest are not binding agreements or commitments to purchase, non-managing Sponsor investors may determine
to purchase fewer public units in this offering, or none at all. Depending on how many units are purchased by the non-managing Sponsor
investors, the post-offering trading volume, volatility and liquidity of our securities may be reduced relative to what they would have
been had the public units been more widely