Company: KOYNU
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001829126-25-006117
Chunk: 271

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-12
Form: S-1/A
Chunk 271
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 public units to
be sold in this offering. Any participation by affiliated entities may reduce the available public float of our securities, which
could limit liquidity in the market for our units, Class A ordinary shares, or warrants following the offering. Meteora, for which
Mr. Mittal serves as the Managing Member and Chief Investment Officer, and Consilium or their affiliates may also purchase
additional public shares which they have agreed to vote in favor of an initial business combination, thereby increasing the increase
the likelihood that a proposed shareholder resolution to approve our initial business combination will be passed (whether by way of
ordinary resolution or special resolution). If the affiliated funds purchase the full amount of the units for which they have
expressed an interest and vote in favor of an initial business combination, we may not need any public shares sold to other
investors in this offering to be voted in favor of the initial business combination. Accordingly, we may complete our initial
business combination even if holders of a majority of our public ordinary shares do not approve of the business combination we
complete. Additionally, because these affiliated purchasers may have different investment horizons, liquidity needs, or strategic
interests than other investors, their participation may not align with the interests of unaffiliated public shareholders.
Furthermore, to the extent that affiliated entities hold a material portion of the units and subsequently choose to redeem their
public shares in connection with our initial business combination, this could reduce the amount of cash available to the combined
company.

If we hold a meeting to approve a proposed business combination and a significant number of shareholders vote, or indicate an intention to vote, against such proposed business combination, our Sponsor, executive officers, directors, or their affiliates could make such purchases in the open market or in private transactions in order to influence the vote. Notwithstanding the foregoing, our Sponsor, executive officers, directors, and their affiliates will not make purchases of Class A ordinary shares if the purchases would violate Section 9(a)(2) or Rule 10b-5 of the Exchange Act, which are rules designed to stop potential manipulation of a company’s stock. 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.

Permitted Purchases of Our Securities

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 sponsor, initial shareholders,