Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 130

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 130
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 in each case, as a result of the Company approving
a transfer by way of continuation in a jurisdiction outside the Cayman Islands) and, as a result, our initial shareholders will be able
to approve any such proposal without the vote of any other shareholder. These provisions of our amended and restated memorandum and articles
of association may only be amended by a special resolution passed by holders representing at least two-thirds of our outstanding Class
B ordinary shares. If our initial shareholders purchase any shares in this offering or if our initial shareholders purchase any additional
Class A ordinary shares in the aftermarket or in privately negotiated transactions, this would increase their control. Accordingly, our
Sponsor will continue to exert control at least until the completion of our initial business combination. In addition, we have agreed
not to enter into a definitive agreement regarding an initial business combination without the prior consent of our Sponsor. In connection
with any vote for a proposed business combination our Sponsor, executive officers and directors have agreed to vote the shares held by
them immediately before this offering, as well as any Class A ordinary shares acquired in this offering or in the aftermarket in favor
of such proposed business combination.

Because we must furnish our shareholders with target business financial statements, we may lose the ability to complete an otherwise advantageous initial business combination with some prospective target businesses.

The United States federal proxy
rules require that a proxy statement with respect to a vote on a business combination meeting certain financial significance tests include
historical and/or pro forma financial statement disclosure in periodic reports. We will include the same financial statement disclosure
in connection with our tender offer documents, whether or not they are required under the tender offer rules. These financial statements
must be prepared in accordance with, or be reconciled to, United States generally accepted accounting principles (“GAAP”),
or International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board, and the
historical financial statements must be audited in accordance with the standards of the Public Company Accounting Oversight Board (United
States), or PCAOB. These financial statement requirements may limit the pool of potential target businesses we may acquire because some
targets may be unable to provide such statements in time for us to disclose such statements in accordance with federal proxy rules and
consummate our initial business combination within our 24-month time frame.

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Redeeming shareholders may be unable to sell their securities when they wish to in the event that the proposed business combination is not approved.

We will require public