Company: KOYNU
Filing Date: 2025-07-22
Form Type: S-1/A
Source: 0001829126-25-005283
Chunk: 187

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-22
Form: S-1/A
Chunk 187
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 consummation of our initial business combination, assuming that our equity value at that time is $192,000,000, which is the amount in cash we would have for our initial business combination in the trust account, assuming the underwriter’s over-allotment option is not exercised and following payment of the deferred underwriting commissions, no interest is earned on the funds held in the trust account, and no public shares are redeemed in connection with our initial business combination, and without taking into account any other potential impacts on our valuation at such time, such as the trading price of our public shares, the business combination transaction costs, any equity issued or cash paid to the target’s equity holders or other third parties, or the target’s business itself, including its assets, liabilities, management and prospects, or the impact of our public warrants and the private warrants. At such valuation, our Class A ordinary shares would have an implied value of $7.00 per share upon consummation of our initial business combination, which would be a 30.0% decrease as compared to the initial implied value per public share of $10.00 (the price per unit in this offering, assuming no value is ascribed to the public warrants).

| Public shares                                                                       |     |   |  20,000,000 |
| Founder shares(1)                                                                   |     |   |   6,666,667 |
| Private Units                                                                       |     |   |     775,000 |
| Total shares                                                                        |     |   |  27,441,667 |
| Total funds in trust available for initial business combination                     |     | $ | 192,000,000 |
| Public shareholders’ investment per Class A ordinary share                          |     | $ |       10.00 |
| Sponsor’s investment per Class B ordinary share(2)                                  |     | $ |       0.003 |
| Initial implied value per public share                                              |     | $ |       10.00 |
| Implied value per public share upon consummation of initial business combination(3) |     | $ |        7.00 |

| (1) | Assumes that the over-allotment option has not been exercised and an aggregate of 1,000,000 founder shares have been surrendered for no consideration by our Sponsor as a result thereof. Our Sponsor has committed, pursuant to a Securities Transfer Agreement that will close immediately prior to effectiveness of the registration statement of which this prospectus forms a part, to transfer 20