Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 412

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 412
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, and subject
to further adjustment as provided herein. In the case that additional Class A ordinary shares, or any other equity-linked securities,
are issued or deemed issued in excess of the amounts sold in this offering and related to or in connection with the closing of the initial
business combination, the ratio at which Class B ordinary shares convert into Class A ordinary shares will be adjusted (unless the holders
of a majority of the outstanding Class B ordinary shares agree to waive such adjustment with respect to any such issuance or deemed issuance)
so that the number of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, 25%
of the sum of (i) the total number of all Class A ordinary shares outstanding upon the completion of this offering (including any Class
A ordinary shares issued pursuant to the underwriter’s over-allotment option and excluding the Class A ordinary shares comprising
part of the Private Units and the Class A ordinary shares underlying the Private Placement Warrants issued to the Sponsor), plus (ii)
all Class A ordinary shares and equity-linked securities issued or deemed issued, in connection with the closing of the initial Business
Combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller in the initial Business Combination
and any private placement-equivalent units issued to our Sponsor or any of its affiliates or to the Company’s officers or directors
upon conversion of Working Capital Loans) minus (iii) any redemptions of Class A ordinary shares by public shareholders in connection
with an initial Business Combination and any Class A ordinary shares redeemed by public shareholders in connection with any amendment
to our amended and restated memorandum and articles of association made prior to the consummation of the initial business combination
(A) to modify the substance or timing of our obligation to allow redemption in connection with our initial business combination or to
redeem 100% of our public shares if we do not complete our initial business combination within the completion window or (B) with respect
to any other material provisions relating to the rights of holders of Class A ordinary shares or pre-business combination activity; provided
that such conversion of founder shares will never occur on a less than one-for-one basis.

Holders of record of the Company’s Class
A ordinary shares and Class B ordinary shares are entitled to one vote for each share held on all matters to be voted on by shareholders.
Unless specified in the Company’s amended and restated memorandum and articles of association or as required by the Companies Act