Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 316

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 316
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 Cayman Islands prior to our initial business combination may only be amended by a special
resolution passed by holders representing at least two-thirds of our outstanding Class B ordinary shares.

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Our Board of Directors is elected
every two years. There is no cumulative voting with respect to the election of directors, with the result that the holders of more than
50% of the shares eligible to vote for the election of directors can elect all of the directors.

In accordance with the Nasdaq
corporate governance requirements, we are not required to hold an annual meeting until one year after our first fiscal year end following
our listing on Nasdaq. Our fiscal year end will be on December 31.

We will provide our public shareholders
with the opportunity to redeem all or a portion of their public shares upon the completion of our initial business combination at a per-share
price which is payable in cash and equal to the aggregate amount then on deposit in the trust account as of two business days prior to
the consummation of our initial business combination, including interest earned thereon (which interest shall be net of taxes payable
by us) divided by the number of then outstanding public shares, subject to the limitations described in this prospectus. The amount in
the trust account is initially anticipated to be approximately $10.00 per public share. Our initial shareholders will enter into agreements
with us, pursuant to which they will agree to waive their redemption rights with respect to their founder shares and private shares in
connection with the completion of our business combination.

Unlike many blank check companies
that hold shareholder votes and conduct proxy solicitations in conjunction with their initial business combinations and provide for related
redemptions of public shares for cash upon completion of such initial business combinations even when a vote is not required by law,
if a shareholder vote is not required by law and we do not decide to hold a shareholder vote for business or other legal reasons, we
will, pursuant to our amended and restated memorandum and articles of association, conduct the redemptions pursuant to the tender offer
rules of the SEC and file tender offer documents with the SEC prior to completing our initial business combination. Our amended and restated
memorandum and articles of association requires these tender offer documents to contain substantially the same financial and other information
about the initial business combination and the redemption rights as is required under the SEC’s proxy rules. If, however, a shareholder
approval of the transaction is required by law, or we decide to obtain shareholder