Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 319

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 319
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, and (iii)
as promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders and our Board of
Directors, dissolve and liquidate, subject in each case to our obligations under Cayman Islands law to provide for claims of creditors
and the requirements of other applicable law. Our initial shareholders have entered into a letter agreement with us, pursuant to which
they have agreed 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 business combination within 24 months from the closing of this offering. However, if our Sponsor, underwriter,
executive officers or directors acquire public shares in or after this offering, they will be entitled to liquidating distributions from
the trust account with respect to such public shares if we fail to complete our business combination within the prescribed time period.

In the event of a liquidation,
dissolution or winding up of the Company after a business combination, our shareholders are entitled to share ratably in all assets remaining
available for distribution to them after payment of liabilities and after provision is made for each class of stock, if any, having preference
over the ordinary shares. Our shareholders have no preemptive or other subscription rights. There are no sinking fund provisions applicable
to the ordinary shares, except that we will provide our public shareholders with the opportunity to redeem their public shares for cash
equal to their pro rata share of 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)) upon the completion of our initial
business combination, subject to the limitations described in this prospectus.

Founder Shares

The founder shares are identical
to the Class A ordinary shares included in the units being sold in this offering, and holders of founder shares have the same shareholder
rights as public shareholders, except that: (1) 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, as described in more detail below; (2) 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 private 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 private shares held by them