Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 395

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 395
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distributions from assets outside the Trust Account. If we do not complete the initial Business Combination within the prescribed time
frame, the Private Units (and the securities comprising such units) will be worthless. Furthermore, the Sponsor, officers and directors
will agree not to transfer, assign or sell any of their founder shares and any Class A ordinary shares issuable upon conversion thereof
until the earlier to occur of: (i) six months after the completion of a Business Combination and (ii) subsequent to a Business Combination,
the date on which the Company consummates a subsequent liquidation, merger, share exchange or other similar transaction which results
in all of the Company’s shareholders having the right to exchange their Class A Ordinary Shares for cash, securities or other property.
Any permitted transferees will be subject to the same restrictions and other agreements of the Company’s initial shareholders with
respect to any founder shares (the “Lock-up”). Notwithstanding the foregoing, if the Company consummates a transaction after
the initial Business Combination which results in the Company’s shareholders having the right to exchange their shares for cash,
securities or other property, the founder shares will be released from the Lock-up.

The Company’s Sponsor will agree that it will
be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a
prospective target business with which the Company has entered into a written letter of intent, confidentiality or other similar agreement
or Business Combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share
and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less
than $10.00 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply
to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust
Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriter
of the Proposed Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the
“Securities Act”). However, the Company has not asked the Sponsor to reserve for such indemnification obligations, nor has
the Company independently verified whether the Sponsor has sufficient funds to