Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 61

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 61
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 significantly dilute the equity interest of our other shareholders. Prior to the investment in the Company 
 of an aggregate of $25,000 by our Sponsor, we had no assets, tangible or intangible.                                                    |

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| The                                                                                                   
 founder shares are identical to the Class A ordinary shares being sold in this offering, except that: |

| ● | only                                                                                                                                
 holders of the founder shares have the right to vote on the appointment and removal of our directors prior to the completion of our 
 initial business combination (by a majority of votes cast by the holders of the founder shares);                                    |

| ● | in                                                                                                                                
 a vote to transfer the Company by way of continuation to a jurisdiction outside the Cayman Islands prior to the completion of our 
 initial business combination (which requires a special resolution, being the affirmative vote of at least two-thirds of the votes 
 cast by the shareholders of the issued shares present in person or represented by proxy and entitled to vote on such matter at a  
 general meeting of the Company), only holders of our founder shares shall carry the right to vote;                                |

| ● | the                                                                                             
 founder shares are subject to certain transfer restrictions, as described in more detail below; |

| ● | as                                                                                                                                  
 described below adjacent to the caption “Voting arrangements with our Sponsor, non-managing Sponsor investors and related           
 parties,” our initial shareholders will each enter into agreements with us, pursuant to which they will agree: (1) to waive         
 their redemption rights with respect to their founder shares and private shares held by them in connection with the consummation    
 of our initial business combination or a tender offer conducted prior to a business combination or in connection with it; and (2)   
 to waive their rights to liquidating distributions from the trust account with respect to their founder shares and private shares   
 if we fail to complete our initial business combination within 24 months from the closing of this offering, although they will be   
 entitled to liquidating distributions from the trust account with respect to any public shares they hold if we fail to complete our 
 initial business combination within the prescribed time frame;                                                                      |

|                                                                                                                                              | ● | the                                                                                                                                   
 founder shares will automatically convert into our Class A ordinary shares at the time of our initial business combination or earlier 
 at the option of the holder on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, as described      
 below adjacent to the caption “Conversion of founder shares and anti-dilution rights