Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 278

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 278
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 the requirement that any beneficial owner on whose behalf a redemption            
 right is being exercised must identify itself in order to validly redeem its shares. Accordingly, a public shareholder would have           
 up to two business days prior to the vote on the initial business combination if we distribute proxy materials, or from the time            
 we send out our tender offer materials until the close of the tender offer period, as applicable, to submit or tender its shares            
 if it wishes to seek to exercise its redemption rights.                                                                                     |     |                                                                                                                              |
| Limitation on redemption rights                                                                         
 of shareholders holding more than 15% of the shares sold in this offering if we hold a shareholder vote |     | 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 will provide that a public shareholder (including our affiliates), together with any affiliate       
 of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under                   
 Section 13 of the Exchange Act), will be restricted from seeking redemption rights with respect to Excess Shares, without our               
 prior consent. However, we would not restrict our shareholders’ ability to vote all of their shares (including Excess Shares)               
 for or against our initial business combination.                                                                                            |     | Many blank check companies provide no restrictions on the ability of shareholders                                            
 to redeem shares based on the number of shares held by such shareholders in connection with an initial business combination. |

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Conflicts of Interest

Our team, in their capacities
as directors, officers or employees of our Sponsor or its affiliates or in their other endeavors, may choose to present potential business
combinations to the related entities described above, current or future entities affiliated with or managed by our Sponsor, or third
parties, before they present such opportunities to us. Our amended and restated memorandum and articles of association provide that,
to the fullest extent permitted by applicable law: (i) no individual serving as a director or an officer shall have any duty, except
and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly in the same or similar business activities
or lines of business as us; and (ii) we renounce any interest or expectancy in, or in being offered an opportunity to participate in,
any potential transaction or matter which may be a corporate opportunity for any