Company: KOYNU
Filing Date: 2025-07-08
Form Type: S-1/A
Source: 0001829126-25-004923
Chunk: 349

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-08
Form: S-1/A
Chunk 349
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writing—Contractual Transfer Restrictions”). While
we do not expect our board to approve any amendment to the letter agreement prior to our initial business combination, it may be possible
that our board, in exercising its business judgment and subject to its fiduciary duties, chooses to approve one or more amendments to
the letter agreement. Any such amendments to the letter agreement would not require approval from our shareholders and may have an adverse
effect on the value of an investment in our securities. In addition, the formation agreement of our Sponsor provides that its interests
may only be transferred to a member’s affiliates (which affiliates shall include any member’s owners of an equity interest,
direct investors, members, or limited partners, as the case may be), immediate family, or to a trust, the primary beneficiary(ies) of
which is a member or members of such member’s immediate family.

<div align='center'>202</div>

Rule 144

Pursuant to Rule 144, a person who has beneficially owned restricted securities for at least six months would be entitled to sell their securities provided that (i) such person is not deemed to have been one of our affiliates at the time of, or at any time during the three months preceding, a sale and (ii) we are subject to the Exchange Act periodic reporting requirements for at least three months before the sale and have filed all required reports under Section 13 or 15(d) of the Exchange Act during the 12 months (or such shorter period as we were required to file reports) preceding the sale.

Persons who have beneficially owned restricted shares and warrants for at least six months but who are our affiliates at the time of, or at any time during the three months preceding, a sale, would be subject to additional restrictions, by which such person would be entitled to sell within any three-month period only a number of securities that does not exceed the greater of:

| ● | 1% of the total number of shares of our ordinary shares then outstanding, which will equal 312,500 shares immediately after this offering (or 359,375 if the underwriter exercise its over-allotment option in full); or |

| ● | the average weekly reported trading volume of shares of our public shares during the four calendar weeks preceding the filing of a notice on Form 144 with respect to the sale. |

Sales by our affiliates under Rule 144 are also limited by manner of sale provisions and notice requirements and to the availability of current public information about us.

Restrictions on