Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 172

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 172
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 redemption rights, they 
 would waive such rights; and                                                                                                      |

| ● | we would disclose in a Form 8-K, before our security holder meeting to approve 
 the business combination transaction, the following material items:            |

| ● | the amount of our securities purchased outside of the redemption offer by our                            
 initial shareholders, directors, officers, advisors and their affiliates, along with the purchase price; |

| ● | the purpose of the purchases by our initial shareholders, directors, officers, 
 advisors and their affiliates;                                                 |

| ● | the impact, if any, of the purchases by our initial shareholders, directors,                                          
 officers, advisors and their affiliates on the likelihood that the business combination transaction will be approved; |

| ● | the identities of our security holders who sold to our initial shareholders,                                                          
 directors, officers, advisors and their affiliates (if not purchased on the open market) or the nature of our security holders (e.g., 
 5% security holders) who sold to our initial shareholders, directors, officers, advisors and their affiliates; and                    |

| ● | the number of our securities for which we have received redemption requests 
 pursuant to our redemption offer.                                           |

Since only holders of our founder shares will have the right to vote on the appointment and the removal of our directors prior to our initial business combination, Nasdaq may consider us to be a “controlled company” within the meaning of Nasdaq’s rules and, as a result, we may qualify for exemptions from certain corporate governance requirements that would otherwise provide protection to shareholders of other companies.

After completion of this offering,
only holders of our founder shares will have the right to vote on the appointment and removal of our directors. As a result, Nasdaq may
consider us to be a “controlled company” within the meaning of Nasdaq’s corporate governance standards. Under Nasdaq
corporate governance standards, a company of which more than 50% of the voting power for the election of directors is held by an individual,
a group or another company is a “controlled company” and may elect not to comply with certain corporate governance requirements,
including the requirements that:

| ● | we have a board that includes a majority of “independent directors,” 
 as defined under Nasdaq rules;                                       |

| ● | we have a compensation committee of our board that is comprised entirely of                               
 independent directors with a written charter addressing the committee’s purpose and responsibilities; and |

| ● | we have independent director oversight of our director nominations. |

We do