Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 318

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 318
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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 the Use of Rule 144 by Shell Companies or Former Shell Companies

Rule 144 is not available for the resale of securities initially issued by shell companies
(other than business combination-related shell companies) or issuers that have been
at any time previously a shell company. However, Rule 144 also includes an important exception to this prohibition if the following conditions
are met:

| ● | the issuer of the securities that was formerly a shell company has ceased to be a 
 shell company;                                                                    |

| ● | the issuer of the securities is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act; |

| ● | the issuer of the securities has filed all Exchange Act reports and material required 
 to be filed, as applicable, during the preceding 12 months (or such shorter period    
 that the