Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 133

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 133
---
 various provisions that our public shareholders might deem to be material. For example, our letter agreement
and the underwriting agreement contain certain lock-up provisions with respect to the founder shares, private placement warrants and other
securities held by our initial shareholders, sponsor, officers and directors. Amendments to or waivers of such agreements would require
the consent of the applicable parties thereto and would need to be approved by our board of directors, which may do so for a variety of
reasons, including to facilitate our initial business combination. While we do not expect our board of directors to approve any amendment
to or waiver of any of these agreements prior to our initial business combination, it may be possible that our board of directors, in
exercising its business judgment and subject to its fiduciary duties, chooses to approve one or more amendments to or waivers of any such
agreement in connection with the consummation of our initial business combination. Any amendment or waiver entered into in connection
with the consummation of our initial business combination will be disclosed in our proxy materials or tender offer documents, as applicable,
related to such initial business combination, and any other material amendment to or waiver of any of our material agreements will be
disclosed in a filing with the SEC. Any such amendments or waivers would not require approval from our shareholders, may result in the
completion of our initial business combination that may not otherwise have been possible, and may have an adverse effect on the value
of an investment in our securities. For example, amendments to or waivers of the lock-up provision discussed above may result in our initial
shareholders selling their securities earlier than they would otherwise be permitted, which may have an adverse effect on the price of
our securities.

Unlike many other similarly structured blank check companies, our initial shareholders will receive additional Class A ordinary shares if we issue shares to consummate an initial business combination.

The founder shares will automatically
convert into Class A ordinary shares at the time of our initial business combination or at any time prior thereto at the option
of the holder thereof on a one-for-one basis, subject to adjustment as provided herein. In the case that additional Class A ordinary
shares, or equity-linked securities, are issued or deemed issued in excess of the amounts sold in this offering and related to the closing
of our initial business combination, the ratio at which Class B ordinary shares shall 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