Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 347

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 347
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 the restrictions to be included in the underwriting agreement, pursuant to which the Sponsor and our officers and directors will agree
that, for a period of 180 days from the date of this prospectus, they will not, without the prior written consent of the underwriter,
offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, or hedge our units, warrants, Class A ordinary
shares, Class B ordinary shares or any other securities convertible into or exchangeable or exercisable for Class A ordinary shares.
While we do not expect our board to approve any amendment to the letter agreement prior to our initial business combination, it may be
possible that our board, in exercising its business judgment and subject to its fiduciary duties, chooses to approve one or more amendments
to the letter agreement. Any such amendments to the letter agreement would not require approval from our shareholders and may have an
adverse effect on the value of an investment in our securities. In addition, the formation agreement of our Sponsor provides that its
interests may only be transferred to a member’s affiliates (which affiliates shall include any member’s owners of an equity
interest, direct investors, members, or limited partners, as the case may be), immediate family, or to a trust, the primary beneficiary(ies)
of which is a member or members of such member’s immediate family.

<div align='center'>202</div>

Rule 144

Pursuant to Rule 144, a
person who has beneficially owned restricted securities for at least six months would be entitled to sell their securities provided that
(i) such person is not deemed to have been one of our affiliates at the time of, or at any time during the three months preceding, a
sale and (ii) we are subject to the Exchange Act periodic reporting requirements for at least three months before the sale and have filed
all required reports under Section 13 or 15(d) of the Exchange Act during the 12 months (or such shorter period as we were required
to file reports) preceding the sale.

Persons who have beneficially
owned restricted shares and warrants for at least six months but who are our affiliates at the time of, or at any time during the three
months preceding, a sale, would be subject to additional restrictions, by which such person would be entitled to sell within any three-month
period only a number of securities that does not exceed the greater of:

| ● | 1% of the total number of shares of