Company: KOYNU
Filing Date: 2025-08-27
Form Type: 424B4
Source: 0001829126-25-006758
Chunk: 13

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-27
Form: 424B4
Chunk 13
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 full) at $10.00 per unit. Also includes $0.40 per unit, or up to $8,000,000 in the aggregate                                               
 (or up to $9,200,000 in the aggregate if the underwriter’s over-allotment option is exercised in full), payable to the                                                           
 underwriter in this offering based on the percentage of funds remaining in the trust account after redemptions of public shares, for                                             
 deferred underwriting commissions to be placed in a trust account located in the United States and released to the underwriter only                                              
 upon the completion of an initial business combination. The table does not include certain other fees and expenses payable (or                                                   
 securities issuable) to the underwriter in connection with this offering. See also “Underwriting” for a                                                                          
 description of compensation and other items of value payable to the underwriter.                                                                                                 |

Of the proceeds we receive from this offering and the sale of the private units described in this prospectus, $200,000,000, or $230,000,000 if the underwriter’s overallotment option is exercised in full ($10.00 per unit in either case), will be placed into a U.S.-based trust account with Continental Stock Transfer & Trust Company acting as trustee.

Because our Sponsor (and pursuant to the Securities Transfer Agreement, each of the Company’s directors, Christopher Bradley, Brian Rudick, Mathew August, Danel Calvillo Armendariz and Dr. Jim Kyung Soo Liew) acquired the founder shares at a nominal price, our public shareholders will incur an immediate and substantial dilution upon the closing of this offering, assuming no value is ascribed to the warrants included in the units. Further, the Class A ordinary shares issuable in connection with the conversion of the founder shares (including those issued in connection with an increase in the size of the offering) may ultimately result in material dilution to our public shareholders due to the anti-dilution rights of our founder shares that may result in an issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion.

The following table illustrates the difference between the public offering price per unit and our net tangible book value per share (NTBV), as adjusted to give effect to this offering and assuming the redemption of our public shares at varying levels and the exercise in full and no exercise of the over-allotment option. See section entitled “Dilution” for more information.

| As of June 30,