Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 23

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 23
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with the Company and we will not compensate Meteora for such services. Meteora’s principals have previous experience across the
full lifecycle of SPACs, from the initial public offering to the de-SPAC business combination process. Meteora will provide resources
including a network of relationships, extensive SPAC knowledge base and a standardized SPAC operating system to streamline the business
combination process. Meteora’s ability to invest across the entire SPAC capital structure (risk capital, primary market, secondary
market, PIPEs, convertible notes and other special situations) has created an end-to-end platform and partner to SPAC sponsors. Furthermore,
Meteora has diverse sector experience across digital assets, technology, media & telecommunications, fintech, energy, consumer and
retail, business and distribution services, healthcare, aerospace and defense. Meteora believes that its access to numerous private equity
and venture capital backed private companies provides a robust pipeline for potential acquisition candidates.

Pursuant to an agreement of
all members of the Sponsor, the management and control of the Sponsor is vested exclusively with Vikas Mittal and Charles T. Cassel III,
the directors of the Sponsor, without any voting, veto, consent or other participation rights by any non-managing shareholders regardless
of their unit ownership. All matters submitted to a vote by the directors will require the affirmative vote of the class C ordinary shares
of the Sponsor which are held only by Samara CSLM LLC and Consilium Investment Capital Inc., without regard to any ordinary shares held
by any non-managing members. As a result, non-managing Sponsor investors will have no right to control the Sponsor, or participate in
any decision regarding the disposal of any security held by the Sponsor, or otherwise.

Funds and accounts
managed by, or otherwise affiliated with, our Sponsor may participate in this offering and purchase units at the offering price. These
affiliated funds are not obligated to participate, and the extent of their participation may be significant relative to the overall size
of the offering. As a result, a substantial portion of the units sold in this offering may be held by affiliates of the Sponsor. This
participation by affiliated entities may reduce the available public float of our securities, which could limit liquidity in the market
for our units, Class A ordinary shares, or warrants following the offering. Additionally, because these affiliated purchasers may have
different investment horizons, liquidity needs, or strategic interests than other investors, their participation may not align with the