Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 311

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 311
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 administrative support (See “Certain Relationships 
 and Related Party Transactions — Administrative Services Agreement”);                                                       |

| ● | Reimbursement for any out-of-pocket expenses related to identifying, investigating and completing 
 an initial business combination; and                                                              |

| ● | Repayment of 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, the terms of 
 which have not been determined nor have any written agreements been executed with respect thereto. Up to $1,500,000 of such loans 
 may be convertible into units, at a price of $10.00 per unit at the option of the lender.                                         |

| ● | We may also pay finder’s fees, reimbursements or cash payments to our Sponsor, directors or                                       
 officers, or our or any of their respective affiliates, for services rendered to us prior to or in connection with the completion 
 of our initial business combination but no such fees are currently contemplated.                                                  |

The above payments may be funded
using the net proceeds of this offering and the sale of the private units not held in the trust account or, upon completion of the initial
business combination, from any amounts remaining from the proceeds of the trust account released to us in connection therewith.

<div align='center'>182</div>

<div align='center'>DESCRIPTION OF SECURITIES</div>

General

We are a blank check company
incorporated on July 26, 2024 as a Cayman Islands exempted company (company number H-412434) under the name “CSLM Acquisition
Corporation II, Ltd”, and re-named “CSLM Digital Asset Acquisition Corp III, Ltd” by special resolution, on May 23,
2025, and our affairs are governed by our memorandum and articles of association, the Companies Act and the common law of the Cayman
Islands. Pursuant to our amended and restated memorandum and articles of association which will be adopted upon the consummation of this
offering, we will be authorized to issue 445,000,000 Class A ordinary shares of a par value of $0.0001 each per share, 50,000,000 Class
B ordinary shares of a par value of $0.0001 each per share as well as 5,000,000 preference shares of a par value of $0.0001 each per
share.

Units

Public Units

Each unit