Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 169

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 169
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float” of our public shares and the number of beneficial holders of our securities would both be reduced, possibly making
it difficult to maintain the listing or trading of our securities on Nasdaq following consummation of the initial business combination.
Additionally, at any time at or prior to the completion of our initial business combination, subject to applicable securities laws (including
with respect to material nonpublic information), our initial shareholders, directors, executive officers, advisors or their affiliates
may enter into transactions with investors and others to provide them with incentives to acquire public shares or not redeem their public
shares. Such a purchase may include a contractual acknowledgment that such shareholder, although still the record holder of our shares
is no longer the beneficial owner thereof and therefore agrees not to exercise its redemption rights. In the event that our initial shareholders,
directors, officers, advisors and their affiliates purchase shares in privately negotiated transactions from public shareholders who
have already elected to exercise their redemption rights or submitted a proxy to vote against our initial business combination, such
selling shareholders would be required to revoke their prior elections to redeem their shares and any proxy to vote against our initial
business combination. We do not currently anticipate that such purchases, if any, would constitute a tender offer subject to the tender
offer rules under the Exchange Act or a going-private transaction subject to the going-private rules under the Exchange Act; however,
if the purchasers determine at the time of any such purchases that the purchases are subject to such rules, the purchasers will be required
to comply with such rules. It is intended that, if Rule 10b-18 would apply to purchases by our initial shareholders, directors,
officers, advisors and their affiliates, then such purchases will comply with Rule 10b-18 under the Exchange Act, to the extent
it applies, which provides a safe harbor for purchases made under certain conditions, including with respect to timing, pricing and volume
of purchases.

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In the event our initial shareholders,
directors, officers, advisors or their affiliates were to purchase public shares from public shareholders, such purchases would be structured
in compliance with the requirements of Rule 14e-5 under the Exchange Act. Further, any shares they may purchase in compliance with
the requirements of Rule 14e-5 under the Exchange Act would not be voted in favor of approving the business combination transaction.

There is no limit on the number
of shares our initial shareholders, directors, officers, advisors or their affiliates may purchase in such transactions