Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 161

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 161
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of Class A ordinary shares on a greater than one-to-one basis upon conversion. The founder shares will be worthless if we do not complete
an initial business combination.

In addition, our Sponsor
has committed to purchase an aggregate of 500,000 private units (or 575,000 private units if the underwriter’s over-allotment option
is exercised in full) for a purchase price of $5,000,000 (or $5,750,000 if the underwriter’s over-allotment option is exercised
in full), or $10.00 per unit, that will also be worthless if we do not complete a business combination.

The founder shares are identical
to the ordinary shares included in the units being sold in this offering except that: (1) prior to our initial business combination,
only holders of the founder shares have the right to vote on the appointment and removal of our directors and only holders of a majority
of our founder shares may remove a member of our board of directors for any reason; (2) the founder shares are subject to certain transfer
restrictions contained in a letter agreement that our initial shareholders, directors and officers have entered into with us; (3) pursuant
to such letter agreement, our initial shareholders, directors and officers have agreed to waive: (i) their redemption rights with respect
to any founder shares and public shares held by them, as applicable, in connection with the completion of our initial business combination;
(ii) their redemption rights with respect to any founder shares and public shares held by them in connection with a shareholder vote
to amend our amended and restated memorandum and articles of association (A) to modify the substance or timing of our obligation to allow
redemption in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial
business combination within 24 months from the closing of this offering or (B) with respect to any other provision relating to shareholders’
rights or pre-initial business combination activity; and (iii) their rights to liquidating distributions from the trust account with
respect to any founder shares they hold 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); (4) the founder shares will automatically
convert into our Class A ordinary shares at the time of our