Company: KOYNU
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001829126-25-006117
Chunk: 322

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-12
Form: S-1/A
Chunk 322
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 open market. Additionally, such shareholders will not receive redemption distributions with respect to the Excess Shares if we complete our initial business combination. And, as a result, such shareholders will continue to hold that number of shares exceeding 15% and, in order to dispose such shares would be required to sell their shares in open market transactions, potentially at a loss.

If we seek shareholder approval,
we will complete our initial business combination only if a majority of the ordinary shares, represented in person or by proxy and entitled
to vote thereon, voted at a shareholder meeting are voted in favor of the business combination. In such case, our Sponsor and each member
of our management team have agreed to vote their founder shares and private shares held by them in favor of our initial business combination.
To the extent that our Sponsor or any member of our management team acquires any public shares after we publicly announce our intention
to engage in a proposed business combination, our Sponsor and each member of our management team have agreed pursuant to the terms of
a letter agreement that they will not vote such shares for or against such business combination. As a result, in addition to our initial
shareholders’ founder shares, we would need 6,279,167 public shares, or approximately 31.4% of the 20,000,000 public shares sold
in this offering to be voted in favor of an initial business combination in order to have our initial business combination approved (assuming
all issued and outstanding shares are voted and the over-allotment option is not exercised). Assuming that only the holders of one-third
of our issued and outstanding ordinary shares, representing a quorum under our amended and restated memorandum and articles of association,
vote their shares, we will not need any public shares in addition to our founder shares and the private shares held by our Sponsor to
be voted in favor of an initial business combination in order to approve an initial business combination. Additionally, each public shareholder
may elect to redeem their public shares irrespective of whether they vote for or against the proposed transaction or vote at all.

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If we seek shareholder approval of our initial business combination and we do not conduct redemptions in connection with our business combination pursuant to the tender offer rules, our amended and restated memorandum and articles of association will provide that a public shareholder, 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