Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 296

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 296
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 required to be paid by a holder of
rights in order to receive its additional shares of Class A ordinary share upon consummation
of an initial business combination. The shares issuable upon exchange of the rights
will be freely tradable (except to the extent held by affiliates of ours). If we enter
into a definitive agreement for a business combination in which we will not be the
surviving entity, the definitive agreement will provide for the holders of rights
to receive the same per share consideration the holders of the Class A ordinary shares
will receive in the transaction on an as-converted into Class A ordinary share basis.

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We will not issue fractional shares in connection with an exchange of rights. Fractional
shares will either be rounded down to the nearest whole share or otherwise addressed
in accordance with the applicable provisions of Cayman Islands Law. As a result, you
must hold rights in multiples of twenty in order to receive shares for all of your rights upon closing of a business combination.
If we are unable to complete an initial business combination within the required time
period and we liquidate the funds held in the trust account, holders of rights will
not receive any of such funds with respect to their rights, nor will they receive
any distribution from our assets held outside of the trust account with respect to
such rights, and the rights will expire worthless. Further, there are no contractual
penalties for failure to deliver securities to the holders of the rights upon consummation
of an initial business combination. Additionally, in no event will we be required
to net cash settle the rights. Accordingly, the rights may expire worthless.

Our rights agreement will provide that, subject to applicable law, (i) any action,
proceeding or claim against us arising out of or relating in any way to the rights
agreement, including under the Securities Act, will be brought and enforced in the
courts of the State of New York or the United States District Court for the Southern
District of New York, and (ii) that we irrevocably submit to such jurisdiction, which
jurisdiction shall be the exclusive forum for any such action, proceeding or claim.
See “Our rights agreement will designate the courts of the State of New York or the
United States District Court for the Southern District of New York as the sole and
exclusive forum for certain types of actions and proceedings that may be initiated
by holders of our rights, which could limit the ability of