Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 274

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 274
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 favor of any proposed business combination, (B) not to propose an amendment to our charter documents with respect to our pre-business
combination activities prior to the consummation of such a business combination unless
we provide our public shareholders with the opportunity to redeem their Class A ordinary shares upon approval of any such amendment at a per-share price, payable
in cash, equal to the aggregate amount then on deposit in the trust account, including
interest earned thereon (which interest shall be net of taxes payable, divided by the number of then
issued and outstanding public shares, (C) not to redeem any private shares in connection with a shareholder vote to approve our proposed initial business
combination and (D) that such private shares shall not participate in any liquidating distribution upon winding up if a
business combination is not consummated, until all of the claims of any redeeming
shareholders and creditors are fully satisfied (and then only from funds held outside
the trust account).

Our initial shareholders have agreed not to transfer, assign or sell any of their
respective founder shares that they hold until the date that is (i) in the case of the founder shares, the earlier of (A) one year after the date of the consummation of our initial business combination or (B) subsequent to our initial business combination, (x) the date on which the last sale price of our public shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations
and the like) for any 20 trading days within any 30-trading day period commencing
at least 150 days after our initial business combination, or (y) the date on which we consummate a liquidation, merger, stock exchange or other similar
transaction after our initial business combination which results in all of our shareholders
having the right to exchange their public shares for cash, securities or other property,
and (ii) in the case of the private units or any securities underlying the private units, until 30 days after the completion of our initial business combination. Notwithstanding
the foregoing, the lock-up period of the non-managing Sponsor investors shall not be longer than the Sponsor’s lock-up period; provided that if upon consummation of an initial business combination,
any securityholder holding more than three percent (3.0%) of the capital stock of
the surviving company is not subject to a lock-up agreement or is subject to a lock-up
agreement for a shorter