Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 288

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 288
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 Assuming that only the
holders of one-third of our issued and outstanding ordinary shares, representing a
quorum under our amended and restated memorandum and articles of association, vote
their shares, we will not need any public shares in addition to our founder shares and the private shares held by our Sponsor to be voted in favor of an initial business combination in order to approve an initial
business combination. Additionally, each public shareholder may elect to redeem their
public shares irrespective of whether they vote for or against the proposed transaction
or vote at all.

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If we seek shareholder approval of our initial business combination and we do not
conduct redemptions in connection with our business combination pursuant to the tender
offer rules, our amended and restated memorandum and articles of association will
provide that a public shareholder, together with any affiliate of such shareholder
or any other person with whom such shareholder is acting in concert or as a “group”
(as defined under Section 13 of the Exchange Act), will be restricted from seeking redemption rights with respect
to more than an aggregate of 15% of the shares sold in this offering. However, we
would not be restricting our shareholders’ ability to vote all of their shares for or against our business combination.

Pursuant to our amended and restated memorandum and articles of association, if we
are unable to complete our business combination within 24 months from the closing of this offering, we will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than 10 business days thereafter, subject
to lawfully available funds therefor, redeem the public shares, at a per-share price
which is payable in cash and equal to the aggregate amount then on deposit in the
trust account, including interest earned thereon (which interest shall be net of taxes payable by
us and up to $100,000 of interest to pay dissolution expenses) divided by the number
of then 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 (iii) 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. Our initial shareholders
have entered into