Company: KOYNU
Filing Date: 2025-07-22
Form Type: S-1/A
Source: 0001829126-25-005283
Chunk: 69

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-22
Form: S-1/A
Chunk 69
---
 the time of our initial business combination. The non-managing Sponsor investors will have the same rights to the funds held in the trust account with respect to the Class A ordinary shares underlying the public units they may purchase in this offering as the rights afforded to our other public shareholders. However, the non-managing Sponsor investors will have different interests than our other public shareholders in approving our initial business combination and otherwise exercising their rights as public shareholders because of their indirect ownership of founder shares and private units, as further discussed in this prospectus. |   |                                                                                                                                                                                                                                                                                                                                                                                                                                              |

<div align='center'>32</div>

| The interests of the shareholders of the Sponsor are denominated in three classes of ordinary shares: (i) class A ordinary shares representing non-voting interests in the founder shares (ii) class B ordinary shares that will represent a non-voting interest in the private units, and (iii) Class C ordinary shares that represent a voting interest but no economic interest. All members of the Sponsor, including the managing member of the Sponsor, and any non-managing Sponsor investor that may join the Sponsor concurrently with this offering will hold Class A ordinary shares and Class B ordinary shares representing their proportional interest in the founder shares and private units, respectively. Pursuant to an agreement of all members of the Sponsor, the management and control of the Sponsor is vested exclusively with Vikas Mittal and Charles T. Cassel III, the directors of the Sponsor, without any voting, veto, consent or other participation rights by any non-managing shareholders regardless of their unit ownership. All matters submitted to a vote by the directors will require the affirmative vote of the class C ordinary shares of the Sponsor which are held by Samara CSLM LLC and Consilium Investment Capital Inc., without regard to any ordinary shares held by any non-managing members. As a result, non-managing Sponsor investors will have no right to control the Sponsor, or participate in any decision regarding the disposal of any security held by the Sponsor, or otherwise. |

| Private Units |     | Our Sponsor has committed, pursuant to a written agreement, to purchase an aggregate of 500,000 private units at $10.00 per private unit in a private placement that will close simultaneously with this offering (or 575,000 private units if the underwriter’s over-allotment option is exercised in full) and our underwriter has committed, pursuant to a written agreement, to purchase an aggregate of 275,000 private units (or 316,250 private units if the under