Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 283

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 283
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8-K information indicating if the underwriter has allowed separate trading of
the Class A ordinary shares, rights, and warrants prior to the 52nd day after the date of this prospectus.

Private Units

The private units (including the component securities of such private units as well
as any securities underlying such component securities) will not be transferable,
assignable or salable until 30 days after the completion of our initial business combination (except, among other
limited exceptions as described under “Principal Shareholders,” to our officers and
directors and other persons or entities affiliated with the Sponsor). Otherwise, the private units have terms and provisions that are identical to the public units sold in this offering. The price of the private units was determined in negotiations
between our Sponsor and the underwriter for this offering, with reference to the prices paid by initial
shareholders for such units in special purpose acquisition companies which have recently
consummated their initial public offerings.

If we do not consummate our initial business combination within 24 months from the closing of this offering, the proceeds from the sale of the private
units held in the trust account will be used to fund the redemption of our public
shares (subject to the requirements of applicable law) and the private units (and
the component securities) will expire worthless.

In order to fund working capital deficiencies or finance transaction costs in connection
with an intended initial business combination, our Sponsor or an affiliate of our Sponsor or certain of our officers and directors may, but are not obligated to, loan us funds
as may be required. Up to $1,500,000 of such loans may be convertible into private
units at a price of $10.00 per unit at the option of the lender at the time of the
business combination. The units would be identical to the private units sold in the
private placement.

<div align='center'>167</div>

Each of the units that may be issued upon conversion of working capital loans shall
be identical to the private units. Following the expiration of the lock-up described
under “Principal Shareholders — Transfers of Founder Shares and Private Units” with respect to the private units, units issuable upon conversion of working capital loans and
extension loans and their respective component securities, such securities will be
transferable, assignable or saleable, subject to an effective registration statement
covering such securities or an applicable exemption from registration.

Ordinary Shares

Prior to the date of this prospectus, there were 7,666,667