Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 346

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 346
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 $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations
and the like) for any 20 trading days within any 30-trading day period commencing
at least 150 days after our initial business combination, or (y) 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 Class A ordinary 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. Any permitted
transferees would be subject to the same restrictions and other agreements of our
initial shareholders with respect to any shares.

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Notwithstanding the foregoing, the lock-up period of the non-managing Sponsor investors shall not be longer than the Sponsor’s lock-up period; provided that if upon consummation of an initial business combination,
any securityholder holding more than three percent (3.0%) of the capital stock of
the surviving company is not subject to a lock-up agreement or is subject to a lock-up
agreement for a shorter period of time than the non-managing Sponsor investors, unless required to comply with the Nasdaq listing conditions, the non-managing
Sponsor investors’ lock-up period shall be reduced to the shortest lock-up period or terminated, as
the case may be.

Indemnification

We have agreed to indemnify the underwriter against certain liabilities, including
certain liabilities under the Securities Act. If we are unable to provide this indemnification,
we have agreed to contribute to payments the underwriter may be required to make in
respect of those liabilities.

Nasdaq Listing

We intend to apply
for listing of our public units on Nasdaq under the symbol “[____]U” and, once the public units begin separate trading, we
expect our Class A ordinary shares, public rights and public warrants to be listed on Nasdaq under the symbols “[____]” “[____]R”
and “[____]W,” respectively.

Price Stabilization, Short Positions

In connection with this offering, the underwriter may engage in activities that stabilize,
maintain or otherwise affect the price of units during and after this offering, including:

| ● | stabilizing transactions; |

| ● | short sales; |

| ● |