Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 307

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 307
---
 case of the founder shares,
the earlier of (A) six months after the date of the consummation of our initial business combination, or (B) 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 public shares for cash, securities or other property, and (ii) in the case of the private
units or any securities underlying the private units, until 30 days after the completion of our initial business combination. permitted
transferees would be subject to the same restrictions and other agreements of our initial shareholders with respect to any such securities.

In order to meet our working
capital needs following the consummation of this offering, our Sponsor, executive officers, directors or their affiliates may, but are
not obligated to, loan us funds, from time to time or at any time, in whatever amount they deem reasonable in their sole discretion.
Each loan would be evidenced by a promissory note. Up to $1,500,000 of such loans may be convertible into additional private units of
the post-business combination entity at a price of $10.00 per unit at the option of the lender. The terms of such loans by our Sponsor,
executive officers, directors, or their affiliates, if any, have not been determined and no written agreements exist with respect to
such loans.

The holders of our founder shares
and private shares issued and outstanding on the date of this prospectus, as well as the holders of the private shares and private warrants
underlying the private units, our Sponsor, officers, directors or their affiliates may be issued in payment of working capital loans
made to us, will be entitled to registration rights pursuant to an agreement to be signed prior to or on the effective date of this offering.
The holders of a majority of these securities are entitled to make up to three demands that we register such securities. The holders
of a majority of these securities or units issued in payment of working capital loans made to us can elect to exercise these registration
rights at any time after we consummate a business combination. In addition, the holders have certain “piggy-back” registration
rights with respect to registration statements filed subsequent to our consummation of a business combination. We will bear the expenses
incurred in connection with the filing of any such registration statements.

<div align='center'>180</div>

As more fully discussed in “Management