Company: KOYNU
Filing Date: 2025-07-08
Form Type: S-1/A
Source: 0001829126-25-004923
Chunk: 396

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-08
Form: S-1/A
Chunk 396
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 to liquidating distributions from the Trust Account with respect to their founder shares
and Private Placement Shares if we fail to complete our initial business combination within the prescribed time frame, although they
will be entitled to liquidating distributions from assets outside the Trust Account. If we do not complete the initial Business
Combination within the prescribed time frame, the Private Units (and the securities comprising such units) will be worthless.
Furthermore, the Sponsor, officers and directors will agree not to transfer, assign or sell any of their founder shares and any
Class A ordinary shares issuable upon conversion thereof until the earlier to occur of: (i) one year after the completion of the
initial Business Combination or (ii) the date following the completion of the initial Business Combination on which we complete a
liquidation, merger, share exchange or other similar transaction that results in all of our shareholders having the right to
exchange their ordinary shares for cash, securities or other property. Notwithstanding the foregoing, (1) if the closing price of
the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations,
reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150
days after the initial Business Combination or (2) if we consummate a transaction after our initial business combination which
results in our shareholders having the right to exchange their shares for cash, securities or other property, the founder shares
will be released from the lock-up. The Private Units (including the securities comprising such units and the Class A ordinary shares
issuable upon exercise of the Private Placement Warrants) will not be transferable until 30 days following the completion of the
initial Business Combination. Because each of the officers and director nominees will own ordinary shares or units directly or
indirectly, they may have a conflict of interest in determining whether a particular target business is an appropriate business with
which to effectuate our initial business combination.

The Company’s Sponsor will agree that it will be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or other similar agreement or Business Combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public