Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 244

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 244
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 combination is not consummated, this may result in an increased
cost to shareholders.

Any proxy solicitation materials we furnish to shareholders in connection with a vote
for any proposed business combination will indicate whether we are requiring shareholders
to satisfy such certification and delivery requirements. Accordingly, a shareholder
would have from the time the shareholder received our proxy statement up until the
time designated in the proxy statement to deliver his, her or its shares if he, she
or it wishes to seek to exercise his, her or its redemption rights. This time period
varies depending on the specific facts of each transaction. However, as the delivery
process can be accomplished by the shareholder, whether or not he, she or it is a
record holder or his, her or its shares are held in “street name,” in a matter of
hours by simply contacting the transfer agent or his, her or its broker and requesting
delivery of his her or its shares through the DWAC System, we believe this time period
is sufficient for an average investor. However, we cannot assure you of this fact.
Please see the Risk Factor titled “We will require public shareholders who wish to redeem their public shares in connection with a proposed business combination to comply with specific requirements for redemption that may make it more difficult for them to exercise their redemption rights prior to the deadline for exercising their rights” for further information on the risks of failing to comply with these requirements.

The foregoing is different
from the procedures historically used by some blank check companies. Traditionally, in order to perfect redemption rights in connection
with a blank check company’s business combination, the Company would distribute proxy materials for the shareholders’ vote
on an initial business combination, and a holder could simply vote against a proposed business combination and check a box on the proxy
card indicating such holder was seeking to exercise his, her or its redemption rights. After the business combination was approved, the
Company would contact such shareholder to arrange for him, her or it to deliver his, her or its certificate to verify ownership. As a
result, the shareholder then had an “option window” after the consummation of the business combination during which he, she
or it could monitor the price of the Company’s stock in the market. If the price rose above the conversion price, he could sell
his, her or its shares in the open market before actually delivering his, her or its shares to the Company for cancellation. As a result,
the redemption rights, to which shareholders were aware they needed