Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 274

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 274
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, or that votes as a class with the public shares sold in this offering on any matter. |

These provisions cannot
be amended without the approval of holders of at least two-thirds (or such higher threshold as specified in the Company’s amended
and restated memorandum and articles of association) of our ordinary shares who attend and vote in a general meeting. In the event we
seek shareholder approval in connection with our initial business combination, our amended and restated memorandum and articles of association
provide that we may consummate our initial business combination only if approved by a majority of the ordinary shares voted by our shareholders
at a duly held shareholders meeting.

Additionally, our amended
and restated memorandum and articles of association provide that, prior to our initial business combination, only holders of our founder
shares will have the right to vote on the appointment and the removal of our directors and that holders of a majority of our founder
shares may remove a member of the board of directors for any reason. These provisions of our amended and restated memorandum and articles
of association may only be amended by a special resolution passed by the holders of a majority of at least 90% of our ordinary shares
attending and voting in person or by proxy in a general meeting. With respect to any other matter submitted to a vote of our shareholders,
including any vote in connection with our initial business combination, except as required by law, holders of our founder shares and
private shares and holders of our public shares will vote together as a single class, with each share entitling the holder to one vote.

Competition

In identifying, evaluating and
selecting a target business, we may encounter intense competition from other entities having a business objective similar to ours. Many
of these entities are well established and have extensive experience identifying and effecting business combinations directly or through
affiliates. Many of these competitors possess greater technical, human and other resources than us and our financial resources will be
relatively limited when contrasted with those of many of these competitors. Although we believe there may be numerous potential target
businesses that we could acquire with the net proceeds of this offering, our ability to compete in acquiring certain sizable target businesses
may be limited by our available financial resources.

The following also may not be
viewed favorably by certain target businesses:

| ● | our obligation to seek shareholder approval of a business combination or engage in a tender offer 
 may delay the completion of a transaction;                                                        |

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