Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 39

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 39
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 tender offer rules of the SEC. In that case, we will file tender offer documents with
the SEC, which will contain substantially the same financial and other information about the initial business combination as is required
under the SEC’s proxy rules. We will consummate our initial business combination only, if we seek shareholder approval, the affirmative
vote of the holders of a majority of Class A ordinary shares that are voted at a shareholder meeting held to consider the initial business
combination.

We will have until 24 months from the closing of this offering or until such earlier liquidation date as our board of directors may approve to consummate an initial business combination. If we anticipate that we may be unable to consummate our initial business combination within such 24-month period, we may seek shareholder approval to amend our amended and restated memorandum and articles of association to extend the date by which we must consummate our initial business combination. Subject to shareholder approval, there are no limitations as to the duration of an extension or the number of times the completion window may be extended by shareholders via an amendment to our amended and restated memorandum and articles of association. If we seek shareholder approval for an extension, holders of public shares will be offered an opportunity to redeem their shares at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned thereon (less income taxes payable), divided by the number of then issued and outstanding public shares, subject to applicable law.

If we are unable to consummate
an initial business combination within such time period, and do not hold a shareholder vote to amend our amended and restated memorandum
and articles of association to extend the amount of time we will have to consummate an initial business combination, or by such earlier
liquidation date as our board of directors may approve, from the closing of this offering, we will, as promptly as reasonably possible
but not more than 10 business days thereafter, redeem 100% of the outstanding public shares, at a per-share price, payable in cash, equal
to the aggregate amount then on deposit in the trust account, including any interest earned on the funds held in the trust account and
net of interest that may be used by us to pay our franchise and income taxes payable, if any, and less up to $100,000 of interest to pay
dissolution expenses, divided by the number of then outstanding public shares, which redemption will completely extinguish the public
shareholders’ rights as shareholders (including the