Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 254

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 254
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 ownership.                                                                         |

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|                                                                                     |     | Terms of Our Offering                                                                                                                                                          |     | Terms Under a Rule 419 Offering                                                        |
|                                                                                     |     | transfer agent two business days prior to the vote in which the name of the beneficial owner of such shares is included. The proxy materials                                   
 or tender offer documents, as applicable, that we will furnish to holders of our public shares in connection with our initial business                                         
 combination will indicate whether we are requiring public shareholders to satisfy such delivery requirements, which will include the requirement                               
 that any beneficial owner on whose behalf a redemption right is being exercised must identify itself in order to validly redeem its shares.                                    
 Accordingly, a public shareholder would have up to two business days prior to the vote on the initial business combination if we distribute                                    
 proxy materials, or from the time we send out our tender offer materials until the close of the tender offer period, as applicable, to                                         
 submit or tender its shares if it wishes to seek to exercise its redemption rights.                                                                                            |     |                                                                                        |
| Limitation on redemption rights of shareholders holding more than 15% of the shares 
 sold in this offering if we hold a shareholder vote                                 |     | If we seek shareholder approval of our initial business combination and we do not                                                                                              
 conduct redemptions in connection with our initial business combination pursuant to                                                                                            
 the tender offer rules, our amended and restated memorandum and articles of association                                                                                        
 will provide that a public shareholder (including our affiliates), together with any                                                                                           
 affiliate of such shareholder or any other person with whom such shareholder is acting                                                                                         
 in concert or as a “group” (as defined under Section 13 of the Exchange Act), will be restricted from seeking redemption rights with respect                                   
 to Excess Shares, without our prior consent. However, we would not restrict our shareholders’ ability to vote all of their shares (including Excess Shares) for or against our 
 initial business combination.                                                                                                                                                  |     | Many blank check companies provide no restrictions on the ability of shareholders      
 to redeem shares based on the number of shares held by such shareholders in connection 
 with an initial business combination.                                                  |

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Conflicts of Interest

Our team, in their
capacities as directors, officers or employees of our Sponsor or its affiliates or in their other endeavors, may choose to present potential
business combinations to the related entities described above, current or future entities affiliated with or managed by our