Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 246

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 246
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 we will have only 24 months from the closing of this offering to complete an initial business combination.
If we have not completed an initial business combination by such date, we will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten (10) business days thereafter, redeem 100% of the outstanding public shares, at a per-share
price, payable in cash, equal to the aggregate amount then on deposit in the trust
account, (net of taxes payable and less up to $100,000 of interest to pay dissolution expenses), divided
by the number of then outstanding public shares, which redemption will completely
extinguish public shareholders’ rights as shareholders (including the right to receive further liquidating distributions,
if any), subject to applicable law, 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 the case of (ii) and (iii) above) to our obligations under the Cayman Islands laws to provide for claims
of creditors and the requirements of other applicable law.

Our Sponsor, executive officers and directors have agreed (pursuant to a written letter
agreement with us filed as exhibits to the registration statement of which this prospectus
forms a part) that they will not propose any amendment to our amended and restated
memorandum and articles of association that would stop our public shareholders from
converting or selling their public shares to us in connection with a business combination
or affect the substance or timing of our obligation to redeem 100% of our public shares
if we do not complete a business combination within 24 months from the closing of this offering unless we provide our public shareholders
with the opportunity to redeem their public shares upon such approval at a per-share
price, payable in cash, equal to the aggregate amount then on deposit in the trust
account, net of franchise and income taxes payable, divided by the number of then
outstanding public shares. This redemption right shall apply in the event of the approval
of any such amendment, whether proposed by our Sponsor, any executive officer, director
or director nominee, or any other person.

We are required to use our reasonable best efforts to have all third parties (including
any vendors or other entities we engage after this offering) and any prospective target
businesses enter into agreements with us waiving any right, title, interest or claim