Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 405

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 405
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any shares held by them in connection with a shareholder vote to approve an amendment to the amended and restated memorandum and articles
of association (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial
Business Combination or to redeem 100% of the Public Shares if the Company has not consummated an initial Business Combination within
the Completion Window or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial Business
Combination activity; (iii) waive their rights to liquidating distributions from the Trust Account with respect to their founder shares
and Private Placement Shares if the Company fails to complete an initial Business Combination within the Completion Window, although
they will be entitled to liquidating distributions from the Trust Account with respect to any Public Shares they hold if the Company
fails to complete an initial Business Combination within the prescribed time frame and to liquidating distributions from assets outside
the Trust Account; and (iv) vote any founder shares and Private Placement Shares held by them and any Public Shares purchased during
or after this offering (including in open market and privately-negotiated transactions, aside from shares they may purchase in compliance
with the requirements of Rule 14e-5 under the Exchange Act, which would not be voted in favor of approving the Business Combination transaction)
in favor of the initial Business Combination.

Note 5 — Segment Information

ASC Topic 280, Segment Reporting, establishes standards
for companies to report, in their financial statements, information about operating segments, products, services, geographic areas, and
major customers. Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize
revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Company’s
chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

The Company’s CODM has been identified as the
Chief Financial Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources and
assessing financial performance. Accordingly, management has determined that the Company only has one reportable segment.

The CODM assesses performance for the single segment
and decides how to allocate resources based on net income or loss that also is reported on the statement of operations as net income
or loss. The measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance
and making key decisions regarding resource allocation, the CODM