Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 318

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 318
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 in favor of an initial business combination in order to have our initial business combination approved (assuming
all issued and outstanding shares are voted and the over-allotment option is not exercised). Assuming that only the holders of one-third
of our issued and outstanding ordinary shares, representing a quorum under our amended and restated memorandum and articles of association,
vote their shares, we will not need any public shares in addition to our founder shares and the private shares held by our Sponsor to
be voted in favor of an initial business combination in order to approve an initial business combination. Additionally, each public shareholder
may elect to redeem their public shares irrespective of whether they vote for or against the proposed transaction or vote at all.

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If we seek shareholder approval
of our initial business combination and we do not conduct redemptions in connection with our business combination pursuant to the tender
offer rules, our amended and restated memorandum and articles of association will provide that a public shareholder, together with any
affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined
under Section 13 of the Exchange Act), will be restricted from seeking redemption rights with respect to more than an aggregate
of 15% of the shares sold in this offering. However, we would not be restricting our shareholders’ ability to vote all of their
shares for or against our business combination.

Pursuant to our amended and
restated memorandum and articles of association, if we are unable to complete our business combination within 24 months from the closing
of this offering (or any extended period of time that we may have to consummate an initial business combination as a result of an amendment
to our amended and restated memorandum and articles of association), we will (i) cease all operations except for the purpose of winding
up, (ii) as promptly as reasonably possible but no more than 10 business days thereafter, subject to lawfully available funds therefor,
redeem the public shares, at a per-share price which is payable in cash and equal to the aggregate amount then on deposit in the trust
account, including interest earned thereon (which interest shall be net of taxes payable and up to $100,000 of interest to pay dissolution
expenses) divided by the number of then outstanding public shares, which redemption will completely extinguish public shareholders’
rights as shareholders (including the right to receive further liquidating distributions, if any), subject to applicable law