Company: KOYNU
Filing Date: 2025-08-27
Form Type: 424B4
Source: 0001829126-25-006758
Chunk: 423

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-27
Form: 424B4
Chunk 423
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”), and the sale of an aggregate of 775,000 private units (or 891,250 private units if the underwriter’s over-allotment option is exercised in full) (the “Private Units”) to the Sponsor and Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC (“CCM”), the underwriter of the Proposed Public Offering, at a price of $10.00 per Private Unit, or $7,750,000 in the aggregate (or $8,912,500 if the underwriter’s over-allotment option is exercised in full), in a private placement that will close simultaneously with the Proposed Public Offering, which is discussed in Note 4. Of those 775,000 Private Units (or 891,250 Private Units if the underwriter’s over-allotment option is exercised in full), the Sponsor has agreed to purchase 500,000 Private Units (or 575,000 Private Units in the event that the underwriter’s over-allotment option is exercised in full) and CCM has agreed to purchase 275,000 Private Units (or 316,250 Private Units if the underwriter’s over-allotment option is exercised in full).

Each Unit will consist of one Class A ordinary share (the “Public Shares”), and one-half of one redeemable warrant (the “Public Warrants”). Each Private Unit will consist of one Class A ordinary share (“Private Placement Share”), and one-half of one redeemable warrant (“Private Placement Warrant”). Each whole Public Warrant and Private Placement Warrant (together the “Warrants”) entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Proposed Public Offering and the Private Units, although substantially all of the net proceeds are intended to be generally applied toward consummating a Business Combination (less deferred underwriting commissions).

The Company’s Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the net balance in the Trust Account (as defined below) (excluding the amount of deferred underwriting discounts held and taxes payable on the income earned on the Trust Account) at the time of the signing an agreement to enter into a Business Combination. However, the Company will only complete a Business Combination if the post-Business Combination company owns or acquires 50% or more of the outstanding voting securities of the