Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 277

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 277
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 simultaneously with the sale of the public units in this offering.

Except with respect to permitted
transferees as described herein under “Principal Shareholders,” our initial shareholders have agreed not to transfer,
assign or sell any of their respective founder shares and private units until the date that is (i) in the case of the founder shares,
the earlier of (A) one year after the date of the consummation of our initial business combination or (B) subsequent to our initial business
combination, (x) the date on which the last sale price of our public shares equals or exceeds $12.00 per share (as adjusted for stock
splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing
at least 150 days after our initial business combination, or (y) the date on which we consummate a liquidation, merger, stock exchange
or other similar transaction after our initial business combination which results in all of our shareholders having the right to exchange
their public shares for cash, securities or other property, and (ii) in the case of the private units or any securities underlying the
private units, until 30 days after the completion of our initial business combination. permitted transferees would be subject to the
same restrictions and other agreements of our initial shareholders with respect to any such securities.

In order to meet our working capital needs following the consummation of this offering,
our Sponsor, executive officers, directors or their affiliates may, but are not obligated
to, loan us funds, from time to time or at any time, in whatever amount they deem
reasonable in their sole discretion. Each loan would be evidenced by a promissory
note. Up to $1,500,000 of such loans may be convertible into additional private units of the post-business combination entity at a price of $10.00 per unit at the option of the lender. The terms of such loans by our Sponsor, executive officers,
directors, or their affiliates, if any, have not been determined and no written agreements
exist with respect to such loans.

The holders of our founder shares and private shares issued and outstanding on the date of this prospectus, as well as the holders of the private shares and private warrants and private rights underlying the private units, our Sponsor, officers, directors or their affiliates may be issued in payment of
working capital loans made to us, will be entitled to registration rights pursuant to an