Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 250

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 250
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 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;                                                      |

| ● | if our initial business combination is not consummated within                                                                              
 24 months from the closing of this offering then we will redeem all of the outstanding public shares and thereafter liquidate and dissolve 
 the Company;                                                                                                                               |

| ● | upon the consummation of this offering, $201,000,000, or approximately                                      
 $231,500,000 if the over-allotment option is exercised in full, shall be placed into the trust account; and |

| ● | prior to our initial business combination, we may not issue                                                                            
 additional stock that participates in any manner in the proceeds of the trust account, 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.