Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 198

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 198
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 combination
or a tender offer conducted prior to a business combination or in connection with
it; and (2) to waive their rights to liquidating distributions from the trust account with respect
to their founder shares and private shares if we fail to complete our initial business combination within 24 months from the closing of this offering, although they will be entitled to liquidating
distributions from the trust account with respect to any public shares they hold if
we fail to complete our initial business combination within the prescribed time frame.

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<div align='center'>DIVIDEND POLICY</div>

We have not paid any cash dividends on our ordinary shares to date and do not intend
to pay cash dividends prior to the completion of our initial business combination.
The payment of cash dividends in the future will be dependent upon our revenues and
earnings, if any, capital requirements and general financial condition subsequent
to completion of our initial business combination. The payment of any cash dividends
subsequent to our initial business combination will be within the discretion of our
board of directors at such time. Our board of directors is not currently contemplating and does not anticipate declaring any share
dividends in the foreseeable future, except if we increase the size of this offering
pursuant to Rule 462(b) under the Securities Act, in which case we will effect a share dividend immediately
prior to the consummation of the offering in such amount as to maintain the collective
ownership of our Sponsor’s ownership through its ownership of the founder shares, at least at 25% of the issued and outstanding ordinary shares upon the consummation of this offering
(assuming no purchase in this offering and not taking into account ownership of the
private shares). Further, if we incur any indebtedness in connection with our initial
business combination, our ability to declare dividends may be limited by restrictive
covenants we may agree to in connection therewith.

<div align='center'>112</div>

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

The difference between the public offering price per share, assuming no value is attributed
to the public warrants, the public rights, the private rights, or the private warrants, and the pro forma net tangible book value per share after this offering
constitutes the dilution to investors in this offering. Such calculation does not
reflect any dilution associated with sale and exercise of warrants, including the private warrants. Net tangible book value per share is determined by dividing our net tangible