Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 69

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 69
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 of Directors    
 is not required to obtain an opinion from an independent investment banking firm or another independent entity that the price we        
 are paying is fair to our shareholders from a financial point of view. We will complete our initial business combination only if        
 the post-transaction company in which our public shareholders own shares will own or acquire 50% or more of the issued and outstanding  
 voting securities of the target or otherwise acquire a controlling interest in the target sufficient for it not to be required to       
 register as an investment company under the Investment Company Act. Even if the post-transaction company owns or acquires 50% or        
 more of the voting securities of the target, our shareholders prior to our initial business combination may collectively own a minority 
 interest in the post-transaction company, depending on valuations ascribed to the target and us in our initial business combination     
 transaction. If less than 100% of the equity interests or assets of a target business or businesses are owned or acquired by the        
 post-transaction company, the portion of such business or businesses that is owned or acquired is what will be valued for purposes      
 of the 80% of net assets test; provided that in the event that our initial business combination involves more than one target business, 
 the 80% of net assets test will be based on the aggregate value of all of the target businesses.                                        |

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| Permitted purchases of public shares by 
 our affiliates                          |     | If we seek shareholder                                                                                                                     
 approval of our initial business combination and we do not conduct redemptions in connection with our initial business combination         
 pursuant to the tender offer rules, our Sponsor, directors, executive officers, advisors or any of their affiliates may purchase           
 shares of our Class A ordinary shares in privately negotiated transactions or in the open market either prior to or following the          
 completion of our initial business combination. Please see “Proposed Business—Initial Business Combination”                                
 for a description of how such persons will determine from which shareholders to seek to acquire shares. If our 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 our redemption process. However, such persons have no current commitments, plans       
 or intentions to engage in such transactions and have not formulated any terms or conditions for any such transactions. In the event       
 our Sponsor, directors, executive officers, advisors or any of their affiliates determine to make any such