Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 316

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 316
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 is exercised in full) and 775,000 private units (816,250 private units if the underwriter’s over-allotment option is exercised in full) are restricted securities under Rule 144, in that they were issued in private transactions not involving a public offering.

Contractual transfer restrictions

Our Sponsor and our
management team have agreed not to transfer, assign or sell (i) any of their founder shares until the earliest 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 Class A ordinary 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 Class A ordinary shares for cash, securities or other property, and (ii) any of their private units or any securities
underlying the private units, until 30 days after the completion of our initial business combination. The foregoing restrictions are
not applicable to transfers (a) to our officers or directors, any affiliates or family members of any of our officers or directors,
any members or partners of our Sponsor or their affiliates, any affiliates of our Sponsor, or any employees of such affiliates; (b)
in the case of an individual, by gift to a member of one of the individual’s immediate family or to a trust, the beneficiary
of which is a member of the individual’s immediate family, an affiliate of such person or to a charitable organization; (c) in
the case of an individual, by virtue of laws of descent and distribution upon the death of the individual; (d) in the case of an
individual, pursuant to a qualified domestic relations order; (e) by private sales or transfers made in connection with the
consummation of a business combination at prices no greater than the price at which the founder shares or private shares, as
applicable, were originally purchased; (f) by virtue of our Sponsor’s organizational documents upon liquidation or dissolution
of our Sponsor; (g) to the Company for no