Company: KOYNU
Filing Date: 2025-06-18
Form Type: S-1
Source: 0001829126-25-004586
Chunk: 358

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-06-18
Form: S-1
Chunk 358
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. Meteora Capital 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 Capital’s ability to invest
across the entire SPAC capital structure (risk capital, primary market, secondary market, PIPEs, convertible notes and other special situations)
has created an end-to-end platform and partner to SPAC sponsors. Furthermore, Meteora Capital has diverse sector experience across digital
assets, technology, media & telecommunications, fintech, energy, consumer & retail, business & distribution services, healthcare,
aerospace & defense. Meteora Capital believes that its access to numerous private equity and venture capital backed private companies
provides a robust pipeline for potential acquisition candidates. Meteora is expected to purchase public units from the underwriter in
this offering at the offering price. Meteora is neither a broker-dealer nor affiliated with one and is not acting as an underwriter in
connection with this offering.

Option to Purchase Additional Public Units

We have granted the underwriter an option to buy up to an aggregate of 3,000,000 additional units. The underwriter has 45 days from the date of this prospectus to exercise this option. If the underwriter exercises this option, it will purchase additional public units approximately in proportion to the amounts specified in the table above.

Private Units

The underwriter will commit 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. The private units purchased by the underwriter have terms and provisions that are identical to the public units and the private shares contained in the units sold in this offering except as described under “Description of Securities—Units,” including that, subject to certain exceptions, the private units purchased by the underwriter will not be transferable, assignable or salable until 30 days after the completion of our initial business combination. The purchases of the private units by the underwriter will take place on a private placement basis simultaneously with the consummation of this offering. Such private units will be considered underwriting compensation in connection with this offering. Such private units will be subject to lock-up restrictions, as required by FINRA Rule 5110(e)(1), and may not be sold during the offering, or sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale,