Company: KOYNU
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001829126-25-006117
Chunk: 416

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-12
Form: S-1/A
Chunk 416
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 allowed, by proxy at the applicable general meeting, and pursuant to
the Company’s amended and restated memorandum and articles of association, such actions include amending the Company’s amended
and restated memorandum and articles of association and approving a statutory merger or consolidation with another company. There is
no cumulative voting with respect to the appointment of directors, meaning, following the Company’s initial Business Combination,
the holders of more than 50% of the Company’s ordinary shares voted for the appointment of directors can elect all of the directors.
Prior to the consummation of an initial Business Combination, only holders of the Company’s Class B ordinary shares will (i) have
the right to vote on the appointment and removal of directors and (ii) be entitled to vote on continuing the Company in a jurisdiction
outside the Cayman Islands (including any special resolution required to amend our constitutional documents or to adopt new constitutional
documents, in each case, as a result of approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). Holders
of the Company’s Class A ordinary shares will not be entitled to vote on these matters during such time. These provisions of the
Company’s amended and restated memorandum and articles of association may only be amended if approved by a special resolution passed
by the affirmative vote of at least 90% (or, where such amendment is proposed in respect of the consummation of an initial Business Combination,
two-thirds) of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy
at the applicable general meeting of the Company.

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Note 9 — Subsequent Events

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date through August 12, 2025, the date that the financial statements were available to be issued.
Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial
statements, other than as disclosed below.

Pursuant to a Securities Transfer Agreement,
the Sponsor transferred 20,000 founder shares (or 100,000 in the aggregate), to each of the Company’s director nominees, Christopher
Bradley, Brian Rudick, Mathew August, Danel Calvillo Armendariz and Dr. Jim Kyung Soo Liew, for the sum of $0.003 per share, on July
25, 2025.

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