Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 62

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 62
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 articles of association governing our pre-initial business combination activity and related                 
 shareholders’ rights. Therefore, unless and until our initial business combination is consummated, the proceeds held in the         
 trust account will not be available for our use for any expenses related to this offering or expenses which we may incur related to 
 the investigation and selection of a target business and the negotiation of an agreement to acquire a target business. The proceeds 
 deposited in the trust account could become subject to the claims of our creditors, if any, which could have priority over the      
 claims of our public shareholders.                                                                                                  |

| Unless and until we complete our initial business combination, no proceeds held in the trust account will be available for our use, except the withdrawal of interest to pay taxes, if any. Based upon current interest rates, we expect the trust account to generate approximately $11,250,000 of interest annually (or $12,937,500 if the over-allotment option is exercised in full) (assuming an interest rate of 4.50% per year). Unless and until we complete our initial business combination, we may pay our expenses only from: |

| ● | that portion of the net proceeds of this offering and the sale of the private units not held in the trust account and cash held outside the trust account before the offering, which will be approximately $2,050,000 in working capital after the payment of approximately $700,000 in offering expenses relating to this offering (assuming that the over-allotment has not been exercised); and |

| ● | any loans or additional investments from our Sponsor, members of our management team or any of their affiliates or other third parties, although they are under no obligation to loan funds or invest in us and provided that any such loans will not have any claim on the proceeds held in the trust account unless such proceeds are released to us upon completion of our initial business combination. |

| Limited payments to insiders |     | There will be no fees, reimbursements or other cash payments paid to our Sponsor, officers and directors, or their affiliates prior to, or for any services they render in order to effectuate, the consummation of our initial business combination (regardless of the type of transaction that it is) other than the following payments, none of which will be made from that portion of the proceeds of this offering and the sale of the private units held in the trust account prior to the consummation of our initial business combination: |

| ● | payment to our Sponsor, of a monthly