Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 7

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 7
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 August, Danel Calvillo Armendariz and Dr. Jim Kyung Soo Liew, for the sum
of $0.003 per share). 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 Class B
ordinary 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. In the case that additional Class A ordinary shares, or
equity-linked securities (as described herein), are issued or deemed issued in excess of the amounts issued in this offering and related
to the closing of our initial business combination, the ratio at which the Class B ordinary shares will convert into Class A ordinary
shares will be adjusted (unless the holders of a majority of the issued and outstanding Class B ordinary shares agree to waive such anti-dilution
adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares issuable upon conversion
of all Class B ordinary shares will equal, in the aggregate, 25% of the sum of (i) the total number of all Class A ordinary shares outstanding
upon the completion of this offering (including any Class A ordinary shares issued pursuant to the underwriter’s over-allotment
option and excluding the Class A ordinary shares that are included within the private units), plus (ii) all Class A ordinary shares and
equity-linked securities issued or deemed issued, in connection with the closing of the initial business combination (excluding any shares
or equity-linked securities issued, or to be issued, to any seller in the initial business combination and any units issued to our Sponsor
or any of its affiliates or to our officers or directors upon conversion of working capital loans) minus (iii) any redemptions of Class
A ordinary shares by public shareholders in connection with an initial business combination; provided that such conversion of founder
shares will never occur on a less than one-for-one basis. Although Class A ordinary shares redeemed by public shareholders in connection
with an initial business combination will be subtracted from the number of shares used to determine the 25% interest, the shares redeemed
in connection with any amendment to our amended and restated memorandum and articles of association will not be subtracted from