Company: KOYNU
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001829126-25-006117
Chunk: 434

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-12
Form: S-1/A
Chunk 434
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 fair market value will be deemed a share capitalization of a number of Class A ordinary shares equal to the product of
(i) the number of Class A ordinary shares actually sold in such rights offering (or issuable under any other equity securities sold in
such rights offering that are convertible into or exercisable for Class A ordinary shares) and (ii) the quotient of (x) the price per
Class A ordinary share paid in such rights offering and (y) the fair market value. For these purposes (i) if the rights offering is for
securities convertible into or exercisable for Class A ordinary shares, in determining the price payable for Class A ordinary shares,
there will be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise or
conversion and (ii) fair market value means the volume weighted average price of Class A ordinary shares as reported during the ten (10)
trading day period ending on the trading day prior to the first date on which the Class A ordinary shares trade on the applicable exchange
or in the applicable market, regular way, without the right to receive such rights.

Note 4 — Private Placement

The Sponsor and CCM have agreed to purchase
an aggregate of 775,000 Private Units (or 891,250 Private Units if the underwriter’s over-allotment option is exercised in full),
at a price of $10.00 per Private Unit, or $7,750,000 in the aggregate (or $8,912,500 if the underwriter’s over-allotment option
is exercised in full), in a private placement that will close simultaneously with the Proposed Public Offering. Of those 775,000 Private
Units (or 891,250 Private Units if the underwriter’s over-allotment option is exercised in full), the Sponsor has agreed to purchase
500,000 Private Units (or 575,000 Private Units in the event that the underwriter’s over-allotment option is exercised in full)
and CCM has agreed to purchase 275,000 Private Units (or 316,250 Private Units if the underwriter’s over-allotment option is exercised
in full). Each Private Unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole Private Placement
Warrant entitles the registered holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment.

The Private Placement Warrants will be identical
to the Public