Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 55

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 55
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 founder shares and private shares are entitled to registration rights.                                                                                                                                                                                                                                                                                                                                                                       |

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| The                                                                                                                                 
 non-managing Sponsor investors are not granted any shareholder or other rights in addition to those afforded to our other public    
 shareholders, and will only be issued Class A ordinary shares in the Sponsor, with no right to control the Sponsor or vote or       
 dispose of any securities held by the Sponsor, including the founder shares and the private units held by the Sponsor. The          
 non-managing Sponsor investors are not required to (i) hold any units, Class A ordinary shares or public warrants they may purchase 
 in this offering or thereafter for any amount of time, (ii) vote any Class A ordinary shares they may own at the applicable time in 
 favor of our initial business combination or (iii) refrain from exercising their right to redeem their public shares at the time of 
 our initial business combination. The non-managing Sponsor investors will have the same rights to the funds held in the trust       
 account with respect to the Class A ordinary shares underlying the public units they may purchase in this offering as the rights    
 afforded to our other public shareholders. However, if the non-managing Sponsor investors purchase any of the units for which they  
 have expressed to us an interest in purchasing, then the non-managing Sponsor investors will potentially have different interests   
 than our other public shareholders in approving our initial business combination and otherwise exercising their rights as public    
 shareholders because of their indirect ownership of founder shares and private units, as further discussed in this                  
 prospectus.                                                                                                                         
 The                                                                                                                                 
 interests of the shareholders of the Sponsor are denominated in two classes of ordinary shares: (i) class A ordinary shares         
 representing interests in the founder shares (ii) class B ordinary shares that will represent an interest in the private units, and 
 (iii) Class C ordinary shares. All members of the Sponsor, including the managing member of the Sponsor, and any non-managing       
 Sponsor investor that may join the Sponsor concurrently with this offering will hold both classes of ordinary shares in the Sponsor 
 representing their proportional interest in the founder shares and private units, respectively. Pursuant to an agreement of all     
 members of the Sponsor, the management and control of the Sponsor is vested exclusively with the sole director, without any voting, 
 veto, consent or other participation rights by any non-managing shareholders regardless of their unit ownership. All matters        
 submitted to a vote by the sole director will require the affirmative vote of