Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 131

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 131
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 shareholders
who wish to redeem their public shares in connection with any proposed business combination to comply with the delivery requirements
discussed above for redemption. If such proposed business combination is not consummated, we will promptly return such certificates to
the tendering public shareholders. Accordingly, investors who attempted to redeem their shares in such a circumstance will be unable
to sell their securities after the failed acquisition until we have returned their securities to them. The market price for our public
shares may decline during this time and you may not be able to sell your securities when you wish to, even while other shareholders that
did not seek redemption may be able to sell their securities.

We may approve an amendment or waiver of the letter agreement that would allow our Sponsor to directly, or members of our Sponsor to indirectly, transfer founder shares and Private Placement Shares or membership interests in our Sponsor in a transaction in which the sponsor removes itself as our sponsor before identifying a business combination, which may deprive us of key personnel.

Pursuant to a letter agreement
that our initial shareholders, directors and officers have agreed not to transfer, assign or sell (i) any of their founder shares until
the earliest of (A) six months after the date of the consummation of our initial business combination or (B) subsequent to our initial
business combination, 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)