Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 286

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 286
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 prior to our initial business combination and
our continuation in a jurisdiction outside the Cayman Islands prior to our initial business combination may only be amended by a special
resolution passed by holders representing at least two-thirds of our outstanding Class B ordinary shares.

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Our Board of Directors is elected every two years. There is no cumulative voting with respect to the election of directors, with the
result that the holders of more than 50% of the shares eligible to vote for the election
of directors can elect all of the directors.

In accordance with the Nasdaq corporate governance requirements, we are not required
to hold an annual meeting until one year after our first fiscal year end following
our listing on Nasdaq. Our fiscal year end will be on December 31.

We will provide our public shareholders with the opportunity to redeem all or a portion
of their public shares upon the completion of our initial business combination at
a per-share price which is payable in cash and equal to the aggregate amount then
on deposit in the trust account as of two business days prior to the consummation
of our initial business combination, including interest earned thereon (which interest shall be net
of taxes payable by us) divided by the number of then outstanding public shares, subject
to the limitations described in this prospectus. The amount in the trust account is
initially anticipated to be approximately $10.05 per public share. Our initial shareholders will enter into agreements with us, pursuant
to which they will agree to waive their redemption rights with respect to their founder
shares and private shares in connection with the completion of our business combination.

Unlike many blank check companies that hold shareholder votes and conduct proxy solicitations
in conjunction with their initial business combinations and provide for related redemptions
of public shares for cash upon completion of such initial business combinations even
when a vote is not required by law, if a shareholder vote is not required by law and
we do not decide to hold a shareholder vote for business or other legal reasons, we
will, pursuant to our amended and restated memorandum and articles of association,
conduct the redemptions pursuant to the tender offer rules of the SEC and file tender
offer documents with the SEC prior to completing our initial business combination.
Our amended and restated memorandum and articles of association requires these tender
offer documents to contain substantially the same financial and other information
about the initial business combination and the redemption rights as is required under
the SEC’s proxy rules. If, however