Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 15

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 15
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 has committed       
 to using $2,750,000 of such funds to purchase from us 275,000 private units (or 316,250 private units if the over-allotment option        
 is exercised in full) at $10.00 per unit. Also includes $0.40 per unit, or up to $8,000,000 in the aggregate (or up to $9,200,000         
 in the aggregate if the underwriter’s over-allotment option is exercised in full), payable to the underwriter in this offering            
 based on the percentage of funds remaining in the trust account after redemptions of public shares, for deferred underwriting commissions 
 to be placed in a trust account located in the United States and released to the underwriter only upon the completion of an initial       
 business combination. The table does not include certain other fees and expenses payable (or securities issuable) to the underwriter      
 in connection with this offering. See also “Underwriting” for a description of compensation and other items of                            
 value payable to the underwriter.                                                                                                         |

Of the proceeds we receive
from this offering and the sale of the private units described in this prospectus, $200,000,000, or $230,000,000 if the underwriter’s
overallotment option is exercised in full ($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 Rudick,
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