# EDGAR Filing Document

**Accession Number:** 0002068454
**File Stem:** 0000000000-25-007619
**Filing Date:** 2025-7
**Character Count:** 6779
**Document Hash:** b7e6f0664ba9819a74afa31a43c3a626
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-007619.hdr.sgml**: 20251216

**ACCESSION NUMBER**: 0000000000-25-007619

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250718

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CSLM Digital Asset Acquisition Corp III, Ltd
- **CENTRAL INDEX KEY:** 0002068454
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 377-08014

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** CASSIA COURT, CAMANA BAY SUITE 716
- **STREET 2:** 10 MARKET STREET
- **CITY:** GRAND CAYMAN
- **PROVINCE COUNTRY:** E9
- **ZIP:** KY1-9006
- **BUSINESS PHONE:** 212-207-0090

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** CASSIA COURT, CAMANA BAY SUITE 716
- **STREET 2:** 10 MARKET STREET
- **CITY:** GRAND CAYMAN
- **PROVINCE COUNTRY:** E9
- **ZIP:** KY1-9006

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CSLM Acquisition Corp II, Ltd
- **DATE OF NAME CHANGE:** 20250514
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001829126-25-003675

## Text-Extract

```

                                                            July 18, 2025

Charles T. Cassel , III
Chief Executive Officer
CSLM Digital Asset Acquisition Corp III, Ltd
2400 E. Commercial Boulevard, Suite 900
Ft. Lauderdale, FL 33308

        Re: CSLM Digital Asset Acquisition Corp III, Ltd
            Amendment No.1 to Registration Statement on Form S-1
            Filed July 8, 2025
            File No. 333-288156
Dear Charles T. Cassel III:

     We have reviewed your amended registration statement and have the
following
comments.

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments. Unless
we note
otherwise, any references to prior comments are to comments in our July 2, 2025
letter.

Amendment No.1 to Registration Statement on Form S-1 filed July 8, 2025
Cover Page

1.     We acknowledge your response to prior comment 1 and amended disclosure
that the
       shares redeemed in connection with a charter amendment will not be
subtracted from
       the number of shares used to determine the 25% founder share interest.
This
       disclosure appears to be relevant to the anti-dilution provision of the
founder share
       conversion at the time of the business combination, which is discussed
in the
       subsequent paragraph. Please revise the location of this information
accordingly. In
       addition, please clearly highlight that you will not subtract shares
redeemed in a
       charter amendment, but you will subtract shares redeemed in the business
       combination in applying the anti-dilution mechanism of the founder share
conversion.
 July 18, 2025
Page 2
2.     Please revise the statement that as a result of any adjustment to the
founder shares by
       way of their surrender, the percentage of the founder shares will remain
constant and
       the shareholders will not be subject to further dilution based upon the
extent to which
       the underwriter's over-allotment is exercised. This information is
inconsistent with
       your dilution table illustrating an increase in dilution when the
over-allotment is not
       exercised. For reference please see Item 1603(a)(6) of Regulation S-K.
Prospectus Summary, page 1

3.     We acknowledge your response to prior comment 9 and amended disclosure.
We note
       your definition for the term 'permitted withdrawal' references Sections
1 (i) , 1 (j) ,
       and 1 (k) of the Investment Management Trust Agreement. As the
definition you have
       provided in the prospectus references information outside the
prospectus, please
       revise here to clearly explain or define the term 'permitted
withdrawal,' which may
       affect the amount shareholders will receive upon redemption of their
shares. Please
       see Securities Act Rule 411(a).
Prior SPAC Experience , page 14

4.     We acknowledge your response to prior comment 4 and amended disclosure.
Please
       revise to describe the current status of Haymaker Acquisition Corp. 4
and Berto
       Acquisition Corp, including whether it is pending a de-SPAC transaction,
still
       searching for a target, or has liquidated, as requested in the prior
comment.
The Offering
Permitted purchases of public shares by our affiliates, page 41

5.     We acknowledge your response to prior comment 7 and amended disclosure.
       We continue to note disclosures on page 41 stating that there is no
restriction on the
       price that your sponsor and affiliates may pay for such purchases. We
also note your
       revised disclosure that stating if your sponsor, initial shareholders,
directors, officers,
       advisors or their affiliates were to purchase shares from public
shareholders, they
       would do so at a price no higher than the price offered through your
redemption
       process. Please revise these disclosures to reconcile the inconsistency.
Risk Factors
We may approve an amendment or waiver of the letter agreement ..., page 79

6.     We acknowledge your response to prior comment 10 and amended disclosure
       identifying the parties to whom sponsor interests may be transferred;
however, you do
       not describe the circumstances or arrangements under which the sponsor
members
       may transfer their sponsor interests, thereby indirectly transferring
your securities
       (i.e., the founder shares, private units and components thereof). If
there are no
       limitations on transfers of sponsor interests other than as to permitted
transferees,
       please clarify. See Item 1603(a)(6) of Regulation S-K.

       Please contact Kellie Kim at 202-551-3129 or Isaac Esquivel at
202-551-3395 if you
have questions regarding comments on the financial statements and related
matters. Please
contact Pearlyne Paulemon at 202-551-8714 or Pamela Long at 202-551-3765 with
any other
questions.
 July 18, 2025
Page 3

                        Sincerely,

                        Division of Corporation Finance
                        Office of Real Estate & Construction
cc:   Giovanni Caruso

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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