Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 73

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 73
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 public shares may also be subject to a higher net tangible asset test or cash requirement pursuant to an agreement relating     
 to our initial business combination. For example, the proposed business combination may require: (1) cash consideration to be paid     
 to the target or its owners; (2) cash to be transferred to the target for working capital or other general corporate purposes; or      
 (3) the retention of cash to satisfy other conditions in accordance with the terms of the proposed business combination. In the event  
 the aggregate cash consideration we would be required to pay for all Class A ordinary shares that are validly submitted for redemption 
 plus any amount required to satisfy cash conditions pursuant to the terms of the proposed business combination exceed the aggregate    
 amount of cash available to us, we would not complete the business combination or redeem any Class A ordinary shares, and all Class    
 A ordinary shares submitted for redemption would be returned to the holders thereof.                                                   |

| Tendering                                                                 
 share certificates in connection with a tender offer or redemption rights |     | We                                                                                                                                           
 may require our public shareholders seeking to exercise their redemption rights, whether they are record holders or hold their shares        
 in “street name,” to either tender their certificates to our transfer agent prior to the date set forth in the tender                        
 offer documents or proxy materials mailed to such holders, or up to two (2) business days prior to the vote on the proposal to approve       
 our initial business combination in the event we distribute proxy materials, or to deliver their shares to the transfer agent electronically 
 using The Depository Trust Company’s DWAC (Deposit/Withdrawal At Custodian) System, at the holder’s option, rather than                      
 simply voting against the initial business combination. The tender offer or proxy materials, as applicable, that we will furnish             
 to holders of our public shares in connection with our initial business combination will indicate whether we are requiring public            
 shareholders to satisfy such delivery requirements.                                                                                          |

| Limitation                                                                                                                          
 on redemption rights of shareholders holding more than 15% of the public shares sold in this offering if we hold a shareholder vote |     | Notwithstanding                                                                                                                             
 the foregoing redemption rights, if we seek shareholder approval of our initial business combination and we do not conduct redemptions      
 in connection with our initial business combination pursuant to the tender offer rules, our amended and restated memorandum and articles    
 of association provide that a public shareholder, together with any affiliate of such shareholder or any other person with whom such        
 shareholder is acting in concert or as a “group”