Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 38

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 38
---
 It can offer further benefits by augmenting a company’s profile among potential new customers and vendors and aid in attracting talented management.

<div align='center'>13</div>

Initial Business Combination

We are not presently engaged in, and we will not engage in, any operations for an indefinite period of time following this offering. We intend to effectuate our initial business combination using cash from the proceeds of this offering and the private placement of the private units, the proceeds of the sale of our shares in connection with our initial business combination (including pursuant to forward purchase agreements or backstop agreements we may enter into following the consummation of this offering or otherwise), shares issued to the owners of the target, debt issued to bank or other lenders or the owners of the target, other securities issuances, or a combination of the foregoing. We may seek to complete our initial business combination with a company or business that may be financially unstable or in its early stages of development or growth, which would subject us to the numerous risks inherent in such companies and businesses.

We will either (1) seek shareholder
approval of our initial business combination at a meeting called for such purpose at which shareholders may seek to convert their shares,
regardless of whether they vote for or against the proposed business combination, into their pro rata share of the aggregate amount then
on deposit in the trust account, including interest earned thereon (which interest shall be net of taxes payable), or (2) provide
our shareholders with the opportunity to sell their shares to us by means of a tender offer (and thereby avoid the need for a shareholder
vote) for an amount equal to their pro rata share of the aggregate amount then on deposit in the trust account (net of taxes payable,
if any), in each case subject to the limitations described herein. The decision as to whether we will seek shareholder approval of our
proposed business combination or allow shareholders to sell their shares to us in a tender offer will be made by us, solely in our discretion,
and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would otherwise
require us to seek shareholder approval. Unlike other blank check companies which require shareholder votes and conduct proxy solicitations
in conjunction with their initial business combinations and related conversions of public shares for cash upon consummation of such initial
business combinations even when a vote is not required by law, we will have the flexibility to avoid such shareholder vote and allow our
shareholders to sell their shares pursuant to the