Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 141

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 141
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ers of our public shares will not be entitled to vote on the appointment or the removal of our directors during such
time. Accordingly, you may not have any say in the management of our Company prior to the consummation of an initial business combination.

Further, prior to the closing
of our initial business combination, only holders of our Class B ordinary shares will be entitled to vote on transferring the Company
by way of continuation in a jurisdiction outside the Cayman Islands (including any special resolution required to amend the constitutional
documents of the Company or to adopt new constitutional documents of the Company, in each case, as a result of the Company approving
a transfer by way of continuation in a jurisdiction outside the Cayman Islands) and, as a result, our initial shareholders will be able
to approve any such proposal without the vote of any other shareholder.

The provisions of our amended
and restated memorandum and articles of association governing the appointment and removal of our directors prior to our initial business
combination and our continuation in a jurisdiction outside the Cayman Islands prior to our initial business combination may only be amended
by a special resolution passed by holders representing at least two-thirds of our outstanding Class B ordinary shares.

We may not be able to complete a business combination with certain potential target companies if a proposed transaction with the target company may be subject to review or approval by regulatory authorities pursuant to certain U.S. or foreign laws or regulations.

Our Sponsor is a Cayman
Islands exempted company. Our Sponsor currently owns 7,666,667 founder shares (of which, 1,000,000 are subject to surrender for no consideration
if the underwriter does not exercise its over-allotment option. Our Sponsor has committed, pursuant to a Securities Transfer Agreement
that will close immediately prior to effectiveness of the registration statement of which this prospectus forms a part, to transfer 20,000
founder shares (or 100,000 in the aggregate) to each of the Company’s director nominees, Christopher Bradley, Brian Rudick, Mathew
August, Danel Calvillo Armendariz and Dr. Jim Kyung Soo Liew, for the sum of $0.003 per share. Our Sponsor is governed by a board of
directors consisting of two directors, Charles T. Cassel III and Vikas Mittal. As such, Charles T. Cassel III and Vikas Mittal have voting
and investment discretion with respect to the securities held of record by the Sponsor and may be deemed to