Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 70

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 70
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 and to pay other expenses associated with our initial business combination. If our initial business combination is paid for using equity or debt securities, or not all of the funds released from the trust account are used for payment of the consideration in connection with our initial business combination, we may apply the balance of the cash released to us from the trust account for general corporate purposes, including for maintenance or expansion of operations of post-transaction businesses, the payment of principal or interest due on indebtedness incurred in completing our initial business combination, to fund the purchase of other companies or for working capital. |

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| Redemption of public shares and distribution and liquidation if no initial business combination |     | We                                                                                                                                                                                                                          
 will have only 24 months from the closing of this offering to complete our initial business combination. If we are unable to                                                                                                
 complete our initial business combination within such period, we will: (1) cease all operations except for the purpose of winding                                                                                           
 up; (2) as promptly as reasonably possible but not more than ten (10) business days thereafter, redeem the outstanding public                                                                                               
 shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest (less up to $100,000 of interest to pay dissolution expenses and which interest shall 
 be net of taxes payable, if any), divided by the number of then issued and outstanding public shares, which redemption will completely                                                                                      
 extinguish public shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any),                                                                                          
 subject to applicable law; and (3) as promptly as reasonably possible following such redemption, subject to the approval of our remaining                                                                                   
 shareholders and our Board of Directors, dissolve and liquidate, subject in each case to our obligations under Cayman Islands law to provide                                                                                
 for claims of creditors and the requirements of other applicable law.                                                                                                                                                       |

| We may, however, raise funds through the issuance of equity-linked securities or through loans, advances or other indebtedness in connection with our initial business combination, including pursuant to forward purchase agreements or backstop arrangements we may enter into following consummation of this offering, in order to, among other reasons, satisfy such net tangible assets or minimum cash requirements. There will be no redemption rights or liquidating distributions with respect to our warrants, which will expire worthless if we fail to complete our initial business combination within the completion window. |

| Our initial shareholders have entered into agreements with us,