Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 335

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 335
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 to propose
the resolution as a special resolution has been given; or (ii) if so authorized by a company’s articles of association, by a unanimous
written resolution of all of the Company’s shareholders. Our amended and restated memorandum and articles of association will provide
that special resolutions must be approved either by at least two-thirds of the votes cast by such shareholders as, being entitled to
do so, vote in person or, where proxies are allowed, by proxy at a shareholder meeting of the Company (i.e., the lowest threshold permissible
under Cayman Islands law), or by a unanimous written resolution of all of our shareholders. Further, our amended and restated memorandum
and articles of association will provide that a quorum at our shareholder meetings will consist of one or more shareholders who together
hold not less than one-third of the ordinary shares entitled to vote at such meeting being individuals present in person or by proxy.

Our initial shareholders
and their permitted transferees, if any, who will collectively beneficially own 25% of our ordinary shares (assuming they do not purchase
any public shares in this offering and excluding any shares underlying the private units) upon the closing of this offering, will participate
in any vote to amend our amended and restated memorandum and articles of association and will have the discretion to vote in any manner
they choose. Specifically, our amended and restated memorandum and articles of association will provide, among other things, that:

| ● | if we do not consummate an                                                                                                               
 initial business combination within 24 months from the closing of this offering, we will (i) cease all operations except for the         
 purpose of winding up; (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem the public shares,  
 at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned     
 on the funds held in the trust account (which interest shall be net of taxes payable and up to $100,000 of interest to pay dissolution   
 expenses), divided by the number of the then-outstanding public shares, which redemption will completely extinguish public shareholders’ 
 rights as shareholders (including the right to receive further liquidating distributions, if any); and (iii) as promptly as reasonably   
 possible following such redemption, subject to the approval of our remaining shareholders and our board of directors, liquidate and      
 dissolve, subject in the case of clauses (ii) and (iii) to our obligations under