Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 164

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 164
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 in our initial business combination transaction.
For example, we could pursue a transaction in which we issue a substantial number of new ordinary shares in exchange for all of the issued
and outstanding capital stock, shares or other equity securities of a target, or issue a substantial number of new shares to third parties
in connection with financing our initial business combination. In this case, we would acquire a 100% interest in the target. However,
as a result of the issuance of a substantial number of new ordinary shares, our shareholders immediately prior to such transaction could
own less than a majority of our issued and outstanding ordinary shares subsequent to such transaction. In addition, other minority shareholders
may subsequently combine their holdings resulting in a single person or group obtaining a larger share of the Company’s shares
than we initially acquired. Accordingly, this may make it more likely that our management will not be able to maintain our control of
the target business.

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Our initial shareholders will control the appointment and the removal of our board of directors until consummation of our initial business combination and will hold a substantial interest in us. As a result, they will appoint all of our directors prior to our initial business combination and may exert a substantial influence on actions requiring shareholder vote, potentially in a manner that you do not support.

Upon the closing of this
offering, our initial shareholders will own 25% of our issued and outstanding ordinary shares (assuming they do not purchase any units
in this offering and excluding any shares underlying the private units). In addition, prior to our initial business combination, holders
of the founder shares will have the right to appoint all of our directors and may remove members of the board of directors for any reason.
Holders of our public shares will have no right to vote on the appointment and the removal of our directors during such time. These provisions
of our amended and restated memorandum and articles of association may only be amended by a special resolution passed by the holders
of a majority of at least 90% of our ordinary shares attending and voting in person or by proxy in a general meeting. As a result, you
will not have any influence over the appointment of directors prior to our initial business combination.

Neither our initial shareholders
nor, to our knowledge, any of our directors or officers, have any current intention to purchase additional securities, other than as
disclosed in this prospectus. Factors that would be considered in making such additional purchases would include consideration of the
current trading price of our