Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 407

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 407
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 Transactions

Founder Shares

On January 23, 2025 the Sponsor made capital
contributions of $25,000, or approximately $0.004 per share, to cover certain of the Company’s expenses, for which the Company
issued 5,750,000 Class B ordinary shares (“founder shares”) to the Sponsor. In March 2025, the Company effected a share
capitalization pursuant to which the Company issued an additional 1,916,667 founder shares resulting in an aggregate of 7,666,667 founder
shares outstanding to the Sponsor, resulting in a price per share of approximately $0.003 per share. Up to 1,000,000 of the Founder Shares
may be surrendered by the Sponsor for no consideration depending on the extent to which the underwriter’s over-allotment option
is exercised. 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 20,000 founder shares (or 100,000 in the aggregate)
to each of the Company’s director nominees, Christopher Bradley, Brian Rudick, Mathew August, Danel Calvillo Armendariz and Dr.
Jim Kyung Soo Liew, for the sum of $0.003 per share.

The Company’s initial shareholders have agreed
not to transfer, assign or sell any of their founder shares and any Class A ordinary shares issued upon conversion thereof until the
earlier of (i) six months after the completion of a Business Combination and (ii) subsequent to a Business Combination, the date on which
the Company consummates a subsequent liquidation, merger, share exchange or other similar transaction which results in all of the Company’s
shareholders having the right to exchange their Class A Ordinary Shares for cash, securities or other property. Any permitted transferees
will be subject to the same restrictions and other agreements of the Company’s initial shareholders with respect to any founder
shares (the “Lock-up”). Notwithstanding the foregoing, if the Company consummates a transaction after the initial Business
Combination which results in the Company’s shareholders having the right to exchange their shares for cash, securities or other
property, the founder shares will be released from the Lock-up.

Promissory Note — Related Party

The Sponsor has agreed to loan the Company an aggregate
of up to $300,000 to be used for a portion of the expenses of the Proposed Public Offering (