Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 132

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 132
---
 by private sales or transfers
made in connection with the consummation of a business combination at prices no greater than the price at which the founder shares or
private shares, as applicable, were originally purchased; (f) by virtue of our Sponsor’s organizational documents upon liquidation
or dissolution of our Sponsor; (g) to the Company for no value for cancellation in connection with the consummation of our initial business
combination; (h) in the event of our liquidation prior to the completion of our initial business combination; or (i) in the event of
our completion of a liquidation, merger, share exchange or other similar transaction which results in all of our public shareholders
having the right to exchange their Class A ordinary shares for cash, securities or other property subsequent to our completion of our
initial business combination; provided, however, that in the case of clauses (a) through (f) these permitted transferees
must enter into a written agreement agreeing to be bound by these transfer restrictions and the other restrictions contained in the letter
agreement. Members of our Sponsor are restricted in their ability to transfer their interests in the Sponsor pursuant to the formation
agreement of our Sponsor, which provides that members in the Sponsor may only transfer their Sponsor interests to such member’s
affiliates (which affiliates shall include any owners of an equity interest in the member, direct investors, members, or limited partners,
as the case may be), immediate family, or to a trust, the primary beneficiary(ies) of which is a member or members of such member’s
immediate family. While there is no current intention to do so, and the members of our management team and Sponsor have not done so with
any previously formed special purpose acquisition companies, we may approve an amendment or waiver of the letter agreement that would
allow the Sponsor to directly, or members of our Sponsor to indirectly, transfer founder shares and Private Placement Shares or membership
interests in our Sponsor in a transaction in which the Sponsor removes itself as our Sponsor before identifying a business combination.
As a result, there is a risk that our Sponsor and our officers and directors may divest their ownership or economic interests in us or
in our Sponsor, which would likely result in our loss of certain key personnel, including Charles T. Cassel III and Vikas Mittal. There
can be no assurance that any replacement Sponsor or key personnel will successfully identify a business combination target for us, or,
even if one is so identified, successfully complete such