Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 154

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 154
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 obligation to redeem 100% of our public shares if we do not complete our initial business combination within 24 months from the closing of this offering, or (B) with respect to any other provision relating to our pre-business combination activity and related shareholders’ rights. In no other circumstances will a shareholder have any right or interest of any kind to the funds in the trust account. Accordingly, to liquidate your investment, you may be forced to sell your securities, potentially at a loss.

Nasdaq may delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities and subject us to additional trading restrictions.

We have applied to have our
public units listed on Nasdaq. We expect that our public units will be listed on Nasdaq on or promptly after the date of this prospectus.
Following the date our Class A ordinary shares, public warrants, and public rights are eligible to trade separately, we anticipate that
our Class A ordinary shares, public warrants, and public rights will be separately listed on Nasdaq. We cannot guarantee that our securities
will be approved for listing on Nasdaq. Although after giving effect to this offering, we expect to meet, on a pro forma basis, the minimum
initial listing standards set forth in the Nasdaq listing standards, we cannot assure you that our securities will be, or will continue
to be, listed on Nasdaq in the future or prior to our initial business combination. In order to continue listing our securities on Nasdaq
prior to our initial business combination, we must maintain certain financial, distribution and share price levels. Generally, following
our initial public offering, we must maintain a minimum market value of listed securities (generally $50,000,000) and a minimum number
of holders of our securities (generally 400 public holders). Additionally, in connection with our initial business combination, we will
be required to demonstrate compliance with Nasdaq’s initial listing requirements, which are more rigorous than Nasdaq’s continued
listing requirements, in order to continue to maintain the listing of our securities on Nasdaq. For instance, unless we decide to list
on a different Nasdaq tier, such as the Nasdaq Capital Market which has different initial listing requirements, our share price would
generally be required to be at least $4.00 per share and we would be required to have a minimum of 400 round lot holders of our securities.
We may not be able to meet those initial listing requirements at that time.

If Nas