Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 11

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 11
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up to $1,500,000 of such loans may be convertible into private units of the post-business combination entity at a price of $10.00 per
unit at the option of our Sponsor. As a result, there may be actual or potential material conflicts of interest between our Sponsor and
its affiliates on the one hand, and purchasers in this offering on the other hand.

Our Sponsor is an affiliate
of Consilium Investment Management LLC (“CIM”), an SEC-registered investment management firm headquartered in Fort Lauderdale,
Florida. Charles T. Cassel III, our Chief Executive Officer and Jonathan Binder, one of our directors, are principals of CIM. Given our
affiliation with CIM, we intend to capitalize on its global platform and investment expertise which we believe, together with the extensive
experience of our management team, well positions our Company. CIM will act as an advisor and will assist with general diligence, administrative,
and advisory support we require in the sourcing of potential targets for our initial business combination or in its general role as advisor.
However, we have not entered into a formal agreement with CIM and we will not compensate CIM for such services. The founders of CIM have
over six decades of experience in Emerging Markets and Frontier Growth Markets. They have deep relationships with companies, management
teams, policy makers, and advisors in the space. CIM and its founders have participated in private equity and mezzanine financing transactions
and will rely on their broad network in Frontier Growth Markets in order to identify target acquisitions that have the desire to list
in the United States and have the infrastructure necessary to comply with regulatory requirements.

Our Sponsor is also an affiliate
of Meteora Capital, LLC, an investment adviser specializing in SPAC-related investments (“Meteora”). Vikas Mittal, our Chairman
and Chief Financial Officer, is the Managing Member and Chief Investment Officer of Meteora. Meteora will act as an advisor to the Company
in connection with this offering and, in such capacity, will provide general diligence, administrative, and advisory support, but has
not entered into any formal agreement with the Company and we will not compensate Meteora for such services. Meteora’s principals
have previous experience across the full lifecycle of SPACs, from the initial public offering to the de-SPAC business combination process.
Meteora will provide resources including a network of relationships, extensive SPAC knowledge base and a standardized SPAC operating
system to streamline the business combination process. Meteora’s ability to