Company: KOYNU
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001829126-25-006117
Chunk: 67

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-12
Form: S-1/A
Chunk 67
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 (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, following which transfer our Sponsor holds an aggregate of 7,566,667 
 founder shares.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
 Subject to each non-managing Sponsor investor indirectly purchasing, through the Class A ordinary shares, the private units allocated to it in connection with the closing of this offering, the Sponsor will issue securities at a nominal purchase price to the non-managing Sponsor investors reflecting interests in an aggregate of 900,000 founder shares held by the Sponsor.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

| The number of founder shares, and the surrender mechanism underlying the founder shares, has been determined in order to ensure that the founder shares will collectively represent 25% of the outstanding ordinary shares (excluding any shares underlying the private units) upon completion of this offering and the exercise of the underwriter’s over-allotment option, if any. If we increase or decrease the size of this offering pursuant to Rule 462(b) under the Securities Act, we will effect a share dividend, a share contribution back to capital, or other appropriate mechanism, as applicable, immediately prior to the consummation of the offering, in such amount as to maintain the collective ownership of the initial shareholders, prior to this offering at approximately 25% of our issued and outstanding Class A ordinary shares (excluding any shares underlying the private units) upon the consummation of this offering. Such issuance will significantly dilute the equity interest of our other shareholders. Prior to the investment in the Company of an aggregate of $25,000 by our Sponsor, we had no assets, tangible or intangible. |

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| The founder shares are identical to the Class A ordinary shares being sold in this offering, except that: |

| ● | only holders of the founder shares have the right to vote on the appointment and removal of our directors prior to the completion of our initial business combination (by a majority of votes cast by the holders of the founder shares); |

| ● | in a vote to transfer the Company by way of continuation to a jurisdiction outside the Cayman Islands prior to the completion of our initial business combination (which requires a special resolution, being the affirmative vote of at least two-thirds of the votes cast by the shareholders of the