Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 69

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 69
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 consummation of our initial business combination, we may not issue any additional shares of capital stock that would entitle the holders thereof to receive funds from the trust account or vote on an initial business combination, on any pre-business combination activity or on any amendment to the provisions of our amended and restated memorandum and articles of association relating to our pre-initial business combination activity and related shareholders’ rights. |

| Our                                                                                                                                  
 Sponsor, executive officers and directors (and any of their permitted transferees), who will beneficially own approximately 25% of   
 our outstanding ordinary shares upon the closing of this offering (assuming they do not purchase public units in this offering and   
 that the underwriter does not exercise its over-allotment option and excluding any shares underlying the private units), may         
 participate in any vote to amend our amended and restated memorandum and articles of association and will have the discretion to     
 vote in any manner they choose; provided, that, each of them has agreed (and their permitted transferees will agree),                
 pursuant to a written agreement with us, that they will not propose any amendment to our amended and restated memorandum and         
 articles of association that would affect the substance or timing of our 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 unless we provide our public            
 shareholders with the opportunity to redeem their Class A ordinary shares upon approval of any such amendment at a per-share price,  
 payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned thereon (which        
 interest shall be net of taxes payable, if any), divided by the number of then issued and outstanding public shares.                 |

| Our initial shareholders will enter into agreements with us pursuant to which they will agree to waive their redemption rights with respect to their founder shares and private shares held by them in connection with any amendment to the provisions of our amended and restated memorandum and articles of association relating to our pre-initial business combination activity and related shareholders’ rights. |

| Release of funds in trust account on closing of our initial business combination |     | On the completion of our initial business combination, the funds held in the trust account will be used to pay amounts due to any public shareholders who exercise their redemption rights as described above under “Redemption rights for public shareholders upon completion of our initial business combination,” to pay all or a portion of the consideration payable to the target or owners of the target of our initial business combination