Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 64

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 64
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 the completion of our initial business combination.                                       |

| Except                                                                                         
 in certain limited circumstances, no member of the Sponsor (including the non-managing Sponsor 
 investors) may sell, transfer, assign, pledge, mortgage, charge, hypothecate, exchange or      
 otherwise dispose, directly or indirectly, (a “Transfer”) all or any portion                   
 of its ordinary shares in the Sponsor. For more information, see “Principal Shareholders”.     |

| Any                                                                                                                              
 permitted transferees would be subject to the same restrictions and other agreements of our initial shareholders with respect to 
 any founder shares and private units. We refer to such transfer restrictions throughout this prospectus as the “lock-up.”        |

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| Conversion                                 
 of founder shares and anti-dilution rights |     | Subject                                                                                                                                      
 to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like, and subject to further        
 adjustment as provided herein, the founder shares, which are designated as Class B ordinary shares, will be convertible at the option        
 of the holder on a one-for-one basis or will automatically convert into Class A ordinary shares concurrently with or immediately             
 following the consummation of our initial business combination at a ratio such that the number of Class A ordinary shares issuable           
 upon conversion of all founder shares will equal, in the aggregate, on an as-converted basis, 25% of the sum of (i) the total number         
 of ordinary shares issued and outstanding (assuming no exercise of the over-allotment option by the underwriter and including any            
 Class A ordinary shares that may have been issued on a one-for-one basis upon conversion of the Class B ordinary shares at the option        
 of the holder thereof prior to the initial business combination pursuant to the amended and restated memorandum and articles of association) 
 upon the consummation of this offering, plus (ii) the sum of the total number of Class A ordinary shares issued or deemed issued             
 or issuable upon conversion or exercise of any equity-linked securities (as defined herein) or rights issued or deemed issued, by            
 the Company in connection with or in relation to the consummation of the initial business combination, excluding any Class A ordinary        
 shares or equity-linked securities exercisable for or convertible into Class A ordinary shares issued, deemed issued, or to be issued,       
 to any seller in the initial business combination and any private placement-equivalent shares issued to our Sponsor, members of our          
 management