Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 270

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 270
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 cash, equal
to the aggregate amount then on deposit in the trust account, (less any permitted withdrawals), divided by the number of then 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 (iii) 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
the case of (ii) and (iii) above) to our obligations under the Cayman Islands laws to provide for claims of creditors and the requirements
of other applicable law.

Our Sponsor, executive officers
and directors have agreed (pursuant to a written letter agreement with us filed as exhibits to the registration statement of which this
prospectus forms a part) that they will not propose any amendment to our amended and restated memorandum and articles of association
that would stop our public shareholders from converting or selling their public shares to us in connection with a business combination
or affect the substance or timing of our obligation to redeem 100% of our public shares if we do not complete a business combination
within 24 months from the closing of this offering unless we provide our public shareholders with the opportunity to redeem their public
shares upon such approval at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account,
net of franchise and income taxes payable, divided by the number of then outstanding public shares. This redemption right shall apply
in the event of the approval of any such amendment, whether proposed by our Sponsor, any executive officer, director or director nominee,
or any other person.

We are required to use our reasonable
best efforts to have all third parties (including any vendors or other entities we engage after this offering) and any prospective target
businesses enter into agreements with us waiving any right, title, interest or claim of any kind they may have in or to any monies held
in the trust account. As a result, the claims that could be made against us will be limited, thereby lessening the likelihood that any
claim would result in any liability extending to the trust. We therefore believe that any necessary provision for creditors will be reduced
and should not have a significant impact on our ability to distribute the funds in the trust account (less any permitted withdrawals)
to our public shareholders. Nevertheless, we cannot assure you of this fact as there is no guarantee that