Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 410

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 410
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quired by them prior to the consummation of an initial Business Combination pursuant to a registration rights agreement to be signed
prior to or on the effective date of this offering.

The holders of these securities will be entitled
to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain
“piggy-back” registration rights with respect to registration statements filed subsequent to the completion of an initial
Business Combination. Notwithstanding anything to the contrary, CCM may only make a demand on one occasion and only during the five-year
period beginning on the effective date of the registration statement of which this prospectus forms a part. In addition, CCM may participate
in a “piggy-back” registration only during the seven-year period beginning on the effective date of the registration statement
of which this prospectus forms a part. The Company will bear the expenses incurred in connection with the filing of any such registration
statements.

Underwriting Agreement

The Company will grant the underwriter a 45-day option
from the date of the Proposed Public Offering to purchase up to an additional 3,000,000 units to cover over-allotments, if any.

The underwriter will be entitled to a cash underwriting
discount of 2.00% of the gross proceeds of the units offered in the Proposed Public Offering, or $4,000,000 in the aggregate (or $4,600,000
in the aggregate if the underwriter’s over-allotment option is exercised in full), payable to the underwriter upon the closing
of this offering. The underwriter 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. Additionally, the underwriter will be entitled to
a deferred underwriting discount of 4.00% of the gross proceeds of the Proposed Public Offering held in the Trust Account, 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). The deferred
fee will become payable to the Underwriter from the amounts held in the Trust Account solely in the event that the Company completes
a Business Combination, subject to the terms of the underwriting agreement.

Note 8 — Shareholder’s Equity