Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 228

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 228
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 support made available to
us, as described elsewhere in this prospectus. We will repay any loans which may be made by our Sponsor or an affiliate of our Sponsor
or certain of our directors and officers to finance transaction costs in connection with an intended initial business combination; 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. Upon consummation
of this offering, we will also reimburse our Sponsor, directors or officers, or our or any of their respective affiliates for any out-of-pocket
expenses related to identifying, investigating and completing an initial business combination.

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The nominal purchase price paid by our Sponsor for the founder shares may significantly dilute the implied value of your public
shares in the event we consummate an initial business combination, and our Sponsor and other initial shareholders are likely to make a substantial profit on their investment
in us in the event we consummate an initial business combination, even if the business
combination causes the trading price of our ordinary shares to decline materially.
The following table sets forth information with respect to our initial shareholders
and the public shareholders:

|                         |     | Shares Purchased 
 Number           |     | Percentage |     | Total Consideration 
 Amount              |     | Percentage |     |   |     | Average Price 
 Per Share     |
|:------------------------|:----|:-----------------|:----|:-----------|:----|:--------------------|:----|:-----------|:----|:--|:----|:--------------|
| Initial Shareholders(1) |     |                  |     |            |     |                     |     |            |     | % |     | $             |
|                         |     |                  |     |            |     |                     |     |            |     | % |     | $             |
| Public Shareholders     |     |                  |     |            |     |                     |     |            |     | % |     | $             |
|                         |     |                  |     |            |     |                     |     |            |     | % |     |               |

| (1) | Assumes the full surrender for no consideration of 1,000,000               
 founder shares and no exercise of the underwriter’s over-allotment option. |

Our initial shareholders and members of our management team may from time to time
become aware of potential business opportunities, one or