Company: KOYNU
Filing Date: 2025-07-08
Form Type: S-1/A
Source: 0001829126-25-004923
Chunk: 146

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-08
Form: S-1/A
Chunk 146
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 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 business combination.

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If we are unable to consummate our initial business combination within 24 months from the closing of this offering, our public shareholders may be forced to wait beyond such period before redemption from our trust account.

If we are unable to consummate our initial business combination within 24 months from the closing of this offering (or any extended period of time that we may have to consummate an initial business combination as a result of an amendment to our amended and restated memorandum and articles of association), we will: (1) cease all operations except for the purpose of winding up; (2) as promptly as reasonably possible but not more than ten (10) business days thereafter, redeem the outstanding public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest (less up to $100,000 of interest to pay dissolution expenses and which interest shall be net of taxes payable, if any), divided by the number of then issued and outstanding public shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any), subject to applicable law; and (3) as promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders and our Board of Directors, dissolve and liquidate, subject in each case to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law.

If we are required to liquidate prior to distributing the aggregate amount then on deposit in the trust account (net of taxes payable, if any, and less up to $100