Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 263

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 263
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 public shares for cash upon consummation of such initial business combination 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 Rule 13e-4 and Regulation
14E of the Exchange Act, which regulate issuer tender offers. In that case, we will file tender offer documents with the SEC, which will
contain substantially the same financial and other information about the initial business combination as is required under the SEC’s
proxy rules. We will consummate our initial business combination only if upon such consummation and, if we seek shareholder approval,
a majority of the ordinary shares voted at a shareholder meeting are voted in favor of the business combination.

Our initial shareholders will
agree to vote any Class B ordinary shares owned by them in favor of any proposed business combination, including the founder shares and
private shares. In addition, the Sponsor, executive officers and directors will agree (1) not to convert any Class A ordinary shares
in connection with a shareholder vote to approve a proposed initial business combination and (2) not sell any Class A ordinary shares
in any tender in connection with a proposed initial business combination. As a result, we would need only approximately 6,279,166 public
shares, or approximately 31.39% of the 20,000,000 public shares sold in this offering to be voted in favor of a transaction in order
to have our initial business combination approved (assuming (i) the over-allotment option is not exercised and all shares were present
and entitled to vote at the meeting, (ii) 1,000,000 founder shares have been surrendered for no consideration.

None of our Sponsor, executive
officers, directors, or their affiliates has indicated any intention to purchase units or Class A ordinary shares in this offering or
from persons in the open market or in private transactions.

However, if we hold a meeting
to approve a proposed business combination and a significant number of shareholders vote, or indicate an intention to vote, against such
proposed business combination, our Sponsor, executive officers, directors, or their affiliates could make such purchases in the open
market or in private transactions in order to influence the vote. Notwithstanding the foregoing, our Sponsor, executive officers, directors,
and their affiliates will not make purchases of Class A ordinary shares if the purchases would violate Section 9(a)(2) or Rule 10b-5
of the Exchange Act, which are rules