Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 63

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 63
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 the Class A ordinary shares underlying the private warrants).         
 Such issuance will significantly dilute the equity interest 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.                                        |

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| As                                                                                                                                     
 described below adjacent to the caption “Conversion of founder shares and anti-dilution rights,” the founder shares                    
 and Class A ordinary shares issuable in connection with the conversion of the founder shares (including those issued in connection     
 with an increase in the size of the offering) may result in material dilution to our public shareholders due to the nominal price      
 of $0.003 per founder share at which our Sponsor purchased the founder shares and/or 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. Our initial shareholders 
 or their affiliates may receive additional compensation and/or may be issued additional securities in connection with an initial       
 business combination, including securities that may result in material dilution to public shareholders. For more information also      
 see below adjacent to the caption “Limited payments to insiders.”                                                                      |

| Transfer                                                    
 restrictions applicable to founder shares and private units |     | Except with respect to                                                                                                                      
 permitted transferees as described herein under “Principal Shareholders,” our initial shareholders have agreed                              
 not to transfer, assign or sell any of their respective founder shares and private units that they may hold until the date that is          
 (i) in the case of the founder shares, the earlier of (A) six months after the date of the consummation of our initial business combination 
 or (B) subsequent to our initial business combination, the date on which we consummate a liquidation, merger, stock exchange or other       
 similar transaction after our initial business combination which results in all of our shareholders having the right to exchange            
 their Class A ordinary shares for cash, securities or other property, and (ii) in the case of the private units or any securities           
 underlying the private units, until 30 days after