Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 145

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 145
---
 at a price of $10.00 per unit at the option of the lender, upon consummation of
our initial business combination. In addition, after the completion of this offering, our board of directors may approve additional working
capital loans for the purpose of funding working capital, which loans may be converted into our private units, shares, or warrants. The
units would be identical to the private units. Prior to the completion of our initial business combination, we do not expect to seek
loans from parties other than our Sponsor or an affiliate of our Sponsor as we do not believe third parties will be willing to loan such
funds and provide a waiver against any and all rights to seek access to funds in our trust account. If we are unable to obtain these
loans, we may be unable to complete our initial business combination. If we are unable to complete our initial business combination because
we do not have sufficient funds available to us, we will be forced to cease operations and liquidate the trust account. Consequently,
our public shareholders may only receive approximately $10.00 per share on our redemption of our public shares, and our warrants will
expire worthless.

<div align='center'>84</div>

Certain agreements related to this offering may be amended or waived without shareholder approval.

Each of the agreements related
to this offering to which we are a party, other than the warrant agreement and the investment management trust agreement, may be amended
or waived without shareholder approval. Such agreements are: the underwriting agreement; the letter agreement among us and our initial
shareholders, sponsor, officers and directors; the registration rights agreement among us and our initial shareholders; the private warrants
purchase agreement between us and our Sponsor; and the administrative services agreement among us, our Sponsor and an affiliate of our
Sponsor. These agreements contain various provisions that our public shareholders might deem to be material. For example, our letter
agreement and the underwriting agreement contain certain lock-up provisions with respect to the founder shares, private warrants and
other securities held by our initial shareholders, sponsor, officers and directors. Amendments to or waivers of such agreements would
require the consent of the applicable parties thereto and would need to be approved by our board of directors, which may do so for a
variety of reasons, including to facilitate our initial business combination. While we do not expect our board of directors to approve
any amendment to or waiver of any of these agreements prior to our initial business combination, it may be possible that our