Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 102

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 102
---
 facilitate this request.
It is our understanding that shareholders should generally allot at least two weeks to obtain physical certificates from the transfer
agent. However, because we do not have any control over this process or over the brokers or DTC, it may take significantly longer than
two weeks to obtain a physical stock certificate. While we have been advised that it takes a short time to deliver shares through the
DWAC System, this may not be the case. Under our bylaws, we are required to provide at least 10 days advance notice of any shareholder
meeting, which would be the minimum amount of time a shareholder would have to determine whether to exercise redemption rights. Accordingly,
if it takes longer than we anticipate for shareholders to deliver their shares, shareholders who wish to redeem may be unable to meet
the deadline for exercising their redemption rights and thus may be unable to redeem their shares. In the event that a shareholder fails
to comply with the various procedures that must be complied with in order to validly tender or redeem public shares, its shares may not
be redeemed.

Additionally, despite our compliance
with the proxy rules or tender offer rules, as applicable, shareholders may not become aware of the opportunity to redeem their shares.

If we seek shareholder approval of our business combination pursuant to a proxy solicitation (meaning we would not conduct redemptions pursuant to the tender offer rules), and if you or a “group” of shareholders are deemed to hold in excess of 15% of the issued and outstanding public shares sold in this offering, you will lose the ability to redeem all such shares in excess of 15% of the issued and outstanding public shares sold in this offering.

If we seek shareholder approval
of our initial business combination pursuant to a proxy solicitation (meaning we would not conduct redemptions pursuant to the tender
offer rules), our amended and restated memorandum and articles of association will provide that a public shareholder, individually or
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), would be restricted from seeking redemption rights with respect to an aggregate
of more than 15% of the shares sold in this offering. Your inability to redeem an aggregate of more than 15% of the Class A ordinary
shares sold in this offering will reduce your influence over our ability to consummate our initial business combination and you could
suffer a material loss on your investment in us if you sell such excess