Company: KOYNU
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001829126-25-006117
Chunk: 270

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-12
Form: S-1/A
Chunk 270
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ome to present to shareholders. |

Unlike other blank check companies which require shareholder votes and conduct proxy solicitations in conjunction with their initial business combinations and related conversions of public shares for cash upon consummation of such initial business combination even when a vote is not required by law, we will have the flexibility to avoid such shareholder vote and allow our shareholders to sell their shares pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, which regulate issuer tender offers. In that case, we will file tender offer documents with the SEC, which will contain substantially the same financial and other information about the initial business combination as is required under the SEC’s proxy rules. We will consummate our initial business combination only if upon such consummation and, if we seek shareholder approval, a majority of the ordinary shares voted at a shareholder meeting are voted in favor of the business combination.

Our initial shareholders
will agree to vote any Class B ordinary shares owned by them in favor of any proposed business combination, including the founder shares
and private shares. In addition, the Sponsor, executive officers and directors will agree (1) not to convert any Class A ordinary shares
in connection with a shareholder vote to approve a proposed initial business combination and (2) not sell any Class A ordinary shares
in any tender in connection with a proposed initial business combination. As a result, we would need only approximately 6,279,167 public
shares, or approximately 31.4% of the 20,000,000 public shares sold in this offering to be voted in favor of a transaction in order to
have our initial business combination approved (assuming (i) the over-allotment option is not exercised and all shares were present and
entitled to vote at the meeting, (ii) 1,000,000 founder shares have been surrendered for no consideration.

Funds and accounts
managed by, or otherwise affiliated with, our Sponsor may participate in this offering and purchase units at the offering price.
These affiliated funds are not obligated to participate, and the extent of their participation may be significant relative to the
overall size of the offering. As a result, a substantial portion of the units sold in this offering may be held by affiliates of the
Sponsor. None of these affiliated funds have expressed an interest in purchasing more than 9.9% of the public units to be sold
in this offering, except that Meteora and its affiliates have expressed an interest in acquiring up to 19.99% of the