Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 240

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 240
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 prospective target business
when evaluating the desirability of effecting our initial business combination with
that business, our assessment of a target business’ management may not prove to be correct. Moreover, members of our management team
may not have significant experience or knowledge relating to the operations of the
particular target business. The future role of members of our management team, if
any, in a post-transaction company cannot presently be stated with any certainty.
Consequently, members of our management team may not become a part of the post-transaction
company’s management team or serve it in advisory positions, and the future management may
not have the necessary skills, qualifications or abilities to manage a public company.
Further, it is also not certain whether one or more of our directors will remain associated
with the post-transaction company in some capacity following our initial business
combination. The determination as to whether any of our key personnel will remain
with the post-transaction company will be made at the time of our initial business
combination.

Following our initial business combination, we may seek to recruit additional managers
to supplement the incumbent management of the target business. However, we may not
have the ability to recruit additional managers, or to locate additional managers
who will have the requisite skills, knowledge or experience necessary to enhance the
incumbent management.

Shareholders May Not Have the Ability to Approve an Initial Business Combination

In connection with any proposed business combination, we will either (1) seek shareholder approval of our initial business combination at a meeting called
for such purpose at which shareholders may seek to convert their shares, regardless
of whether they vote for or against the proposed business combination, into their
pro rata share of the aggregate amount then on deposit in the trust account (net of
taxes payable), or (2) provide our shareholders with the opportunity to sell their shares to us by means
of a tender offer (and thereby avoid the need for a shareholder vote) for an amount
equal to their pro rata share of the aggregate amount then on deposit in the trust
account (net of taxes payable), in each case subject to the limitations described
herein. We will seek shareholder approval if it is required by applicable law or stock
exchange listing requirement, provided, that we may also decide to seek shareholder
approval for business or other reasons.

Under the Nasdaq listing rules, shareholder approval would be required for our initial
business combination if, for example:

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