Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 348

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 348
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 our ordinary shares then outstanding, which will equal 312,500 shares immediately after this offering (or 359,375 if the underwriter 
 exercise its over-allotment option in full); or                                                                                      |

| ● | the average weekly reported trading                                                                                               
 volume of shares of our public shares during the four calendar weeks preceding the filing of a notice on Form 144 with respect to 
 the sale.                                                                                                                         |

Sales by our affiliates under
Rule 144 are also limited by manner of sale provisions and notice requirements and to the availability of current public information
about us.

Restrictions on the Use of Rule 144 by Shell Companies or Former Shell Companies

Rule 144 is not available
for the resale of securities initially issued by shell companies (other than business combination-related shell companies) or issuers
that have been at any time previously a shell company. However, Rule 144 also includes an important exception to this prohibition
if the following conditions are met:

| ● | the issuer of the securities that                              
 was formerly a shell company has ceased to be a shell company; |

| ● | the issuer of the securities is subject                                   
 to the reporting requirements of Section 13 or 15(d) of the Exchange Act; |

| ● | the issuer of the securities has filed                                                                                            
 all Exchange Act reports and material required to be filed, as applicable, during the preceding 12 months (or such shorter period 
 that the issuer was required to file such reports and materials), other than Current Reports on Form 8-K; and                     |

| ● | at least one year has elapsed from                                                                                                  
 the time that the issuer filed current Form 10-type information with the SEC reflecting its status as an entity that is not a shell 
 company.                                                                                                                            |

As a result, our Sponsor will
be able to sell its founder shares and private units, as applicable, pursuant to Rule 144 without registration one year after we
have completed our initial business combination.

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The below table summarizes the
material terms of the restrictions described in the subsections above and whether and when our initial shareholders may sell securities
purchased in connection with this offering:

| Stakeholder  |     | Market           
 Standoff         
 Restrictions     |     | Shares                                                                                   
 Subject to Market                                                                        
 Standoff Restrictions(1)                                                                 |     | Market                                                                                              
 Standoff Period(2)                                                                                  |
| Sponsor      |     | Letter Agreement |     | Founder shares                                                                           |     | Subject