Company: KOYNU
Filing Date: 2025-08-27
Form Type: 424B4
Source: 0001829126-25-006758
Chunk: 226

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-27
Form: 424B4
Chunk 226
---
 formation costs in exchange for the issuance of the founder shares to our Sponsor and $300,000 in loans from our Sponsor.

We estimate that the net
proceeds from the sale of the units in this offering and the sale of the private units for an aggregate purchase price of $7,750,000
(or $8,912,500 if the underwriter’s over-allotment option is exercised in full), after deducting offering expenses of approximately
$776,676 and underwriting commissions of $4,000,000 (or $4,600,000 in the aggregate if the underwriter’s option to purchase additional
units is exercised in full), in each case, inclusive of a $500,000 referral fee paid by the underwriter to United First Partners LLC,
whether or not the underwriter’s over-allotment option is exercised, (excluding deferred underwriting commissions of up to $8,000,000,
or up to $9,200,000 if the underwriter’s over-allotment option is exercised in full) will be $202,973,324 (or $233,535,824 if the
underwriter’s over-allotment option is exercised in full). $200,000,000 (or $230,000,000 if the underwriter’s over-allotment
option is exercised in full) will be held in the trust account, which includes the deferred underwriting commissions described above.
The proceeds held in the trust account will initially be invested only in U.S. government treasury obligations with a maturity of 185
days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only
in direct U.S. government treasury obligations; the holding of these assets in this form is intended to be temporary and for the sole
purpose of facilitating the intended business combination. To mitigate the risk that we might be deemed to be an investment company for
purposes of the Investment Company Act, which risk increases the longer that we hold investments in the trust account, we may, at any
time (based on our management team’s ongoing assessment of all factors related to our potential status under the Investment Company
Act), instruct the trustee to liquidate the investments held in the trust account and instead to hold the funds in the trust account
in cash or in an interest bearing demand deposit account at a bank. The remaining approximately $2,973,324 (or $3,535,824 if the underwriter’s