Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 74

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 74
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 (as defined under Section 13 of the Exchange Act), will be restricted                      
 from redeeming its shares with respect to more than an aggregate of 15% of the public shares sold in this offering, without our prior       
 consent. We believe the restriction described above will discourage shareholders from accumulating large blocks of shares, and subsequent   
 attempts by such holders to use their ability to redeem their shares as a means to force us or our management to purchase their shares      
 at a significant premium to the then-current market price or on other undesirable terms. Absent this provision, a public shareholder        
 holding more than an aggregate of 15% of the shares sold in this offering could threaten to exercise its redemption rights against          
 a business combination if such holder’s shares are not purchased by us, our Sponsor or our management at a premium to the then-current      
 market price or on other undesirable terms. By limiting our shareholders’ ability to redeem to no more than 15% of the shares               
 sold in this offering, we believe we will limit the ability of a small group of shareholders to unreasonably attempt to block our           
 ability to complete our initial business combination, particularly in connection with a business combination with a target that requires    
 as a closing condition that we have a minimum net worth or a certain amount of cash. However, we would not be restricting our shareholders’ 
 ability to vote all of their shares (including all shares held by those shareholders that hold more than 15% of the shares sold in          
 this offering) for or against our initial business combination.                                                                             |

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| Redemption                                                             
 rights in connection with proposed amendments to our charter documents |     | Our                                                                                                                                        
 amended and restated memorandum and articles of association will provide that amendments to any its provisions relating to our pre-initial 
 business combination activity and related shareholder rights, as well as any other provision of the amended and restated memorandum        
 and articles of association, may be amended if approved by holders of a majority of our outstanding Class A ordinary shares, subject       
 to applicable stock exchange rules. If an amendment to any such provision is approved by the requisite shareholder vote, then the          
 corresponding provisions of the trust agreement governing the release of funds from our trust account may be amended.                      |

| After                                                                                                                                 
 the completion of this offering, and prior to the consummation of our initial business combination, we may not issue any additional   
 shares of capital stock that would entitle the holders thereof to receive funds from the trust account or vote on an initial business