Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 117

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 117
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If an amendment to any such
provision is approved by the requisite shareholder vote, then the corresponding provisions of the trust agreement governing the
release of funds from our trust account may be amended. Subsequent to this offering and prior to the consummation of our initial
business combination, we may not issue additional securities that can vote on amendments to our amended and restated memorandum and
articles of association. Our Sponsor, executive officers and directors (and their permitted transferees) will collectively
beneficially own approximately 34.1% of our outstanding ordinary shares upon the closing of this offering (assuming they do not
purchase any public units in this offering and that the underwriter does not exercise its over-allotment option and excluding any
shares underlying the private units), and they may participate in any vote to amend our amended and restated memorandum and articles
of association and/or trust agreement and will have the discretion to vote in any manner they choose;provided, that, each of
them has agreed (and any of their permitted transferees will agree), pursuant to a written agreement with us, that they will not
propose any amendment to our amended and restated memorandum and articles of association that would affect the substance or timing
of our obligation to redeem 100% of our public shares if we do not complete our initial business combination within 24 months from
the closing of this offering unless we provide our public shareholders with the opportunity to redeem their Class A ordinary shares
upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the
trust account, including interest earned thereon (which interest shall be net of taxes payable, if any), divided by the number of
then issued and outstanding public shares. Our shareholders are not parties to, or third-party beneficiaries of, this agreement and,
as a result, will not have the ability to pursue remedies against our Sponsor, executive officers, directors or director nominees
for any breach of this agreement. As a result, in the event of a breach, our shareholders would need to pursue a shareholder
derivative action, subject to applicable law.

We may be unable to obtain additional financing to complete our initial business combination or to fund the operations and growth of a target business, which could compel us to restructure or abandon a particular business combination. If we are unable to complete our initial business combination, our public shareholders may only receive $10.05 per share (whether or not the underwriter’s over