Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 24

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 24
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, excluding any Class A ordinary     
 shares or equity-linked securities exercisable for or convertible into Class A ordinary shares issued, deemed issued, or to be issued,    
 to any seller in the initial business combination and any private placement-equivalent shares issued to our Sponsor, members of our       
 management team or any of their affiliates upon conversion of working capital loans made to the Company. In no event will the Class       
 B ordinary shares convert into Class A ordinary shares at a rate of less than one-to-one. The Class A ordinary shares issuable upon       
 conversion of our founder shares 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.       
 If we increase or decrease the size of this offering pursuant to Rule 462(b) under the Securities Act, we will effect a share dividend,   
 share contribution back to capital, or other appropriate mechanism, as applicable, immediately prior to the consummation of the offering, 
 in such amount as to maintain the collective ownership of the initial shareholders, prior to this offering at approximately 25% of        
 our issued and outstanding Class A ordinary shares (excluding any shares underlying the private units) upon the consummation of this      
 offering. Such issuance will significantly dilute the equity interests of our other shareholders. Our Sponsor has committed, pursuant     
 to a Securities Transfer Agreement that will close immediately prior to effectiveness of the registration statement of which this         
 prospectus forms a part, to transfer 20,000 founder shares (or 100,000 in the aggregate) to each of the Company’s director                
 nominees, Christopher Bradley, Brian Rudick, Mathew August, Danel Calvillo Armendariz and Dr. Jim Kyung Soo Liew, for the sum of          
 $0.003 per share.                                                                                                                         |

Consilium Investment Management LLC Our Sponsor is an affiliate of CIM, an SEC-registered investment management firm headquartered in Fort Lauderdale, Florida. Established in 2004, Consilium Investment Management (“CIM”) has a long track record of successfully investing in Frontier Growth Markets and has been a top-quartile performer since the inception of its Frontier Equity Fund in 2009. CIM will act as an advisor to the Company in connection with this offering and in our search for a target or business combination and, in such capacity, will provide general diligence, administrative, and advisory support, but has not entered