Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 6

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 6
---
 offered and sold to other public investors. We do not expect any purchase of public units by
the non-managing Sponsor investors to negatively impact our ability to meet Nasdaq listing eligibility requirements. In addition, the
underwriter has full discretion to allocate the public units to investors and may determine to sell fewer public units to the non-managing
Sponsor investors, or none at all, and the purchase of the Class A ordinary shares is not contingent upon participation in this offering
or vice versa. The underwriter will receive the same upfront discounts and commissions and deferred underwriting commissions on units
purchased by the non-managing Sponsor investors, if any, as it will on the other units sold to the public in this offering. In addition,
none of the non-managing Sponsor investors has any obligation to vote any of their public shares in favor of our initial business combination.
If the non-managing sponsor investors purchase all of the public units for which they have expressed an interest in purchasing or otherwise hold a substantial number of our public units, then the non-managing sponsor investors will potentially have different interests than our other public shareholders in approving our initial business combination and otherwise exercising their rights as public shareholders because of their indirect ownership through the Sponsor of founder shares and private units. Such ownership may create an incentive for the non-managing investors to vote any public shares they own in favor of a business combination and make a substantial profit on its founder shares and private units, even if the business combination is with a target that ultimately declines in value and is not profitable for other public shareholders.

For a discussion of certain additional arrangements with the non-managing Sponsor investors, See “Summary — The Offering — Expressions of Interest.”

Our Sponsor has purchased an aggregate of 7,666,667 Class B ordinary shares for an aggregate of $25,000 or approximately $0.003 per share, up to 1,000,000 of which will be surrendered to us for no consideration after the closing of this offering depending on the extent to which the underwriter’s over-allotment option is exercised, which will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of our initial business combination, or earlier at the option of the holders thereof on a one-for-one basis, subject to the adjustments described herein. Such securities were issued in connection with our organization pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. The number of founder shares outstanding was determined based on the expectation that the total size of