Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 133

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 133
---
 business combination.

<div align='center'>78</div>

If we are unable to consummate our initial business combination within 24 months from the closing of this offering, our public shareholders may be forced to wait beyond such period before redemption from our trust account.

If we are unable to consummate
our initial business combination within 24 months from the closing of this offering (or any extended period of time that we may have
to consummate an initial business combination as a result of an amendment to our amended and restated memorandum and articles of association),
we will: (1) cease all operations except for the purpose of winding up; (2) as promptly as reasonably possible but not more than ten
(10) business days thereafter, redeem the outstanding public shares, at a per-share price, payable in cash, equal to the aggregate amount
then on deposit in the trust account, including interest (which interest shall be net of taxes payable and up to $100,000 of interest
to pay dissolution expenses), divided by the number of then issued and 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 (3) 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 each case to our obligations under Cayman Islands law to provide for claims
of creditors and the requirements of other applicable law.

If we are required to liquidate
prior to distributing the aggregate amount then on deposit in the trust account (less any permitted withdrawals) pro rata to our public
shareholders, then such winding up, liquidation and distribution must comply with the applicable provisions of the Cayman laws. In that
case, investors may be forced to wait beyond 24 months from the closing of this offering before the redemption proceeds of our trust
account become available to them, and they receive the return of their pro rata portion of the proceeds from our trust account. Except
as otherwise described herein, we have no obligation to return funds to investors prior to the date of any redemption required as a result
of our failure to consummate our initial business combination within the period described above or our liquidation, unless we consummate
our initial business combination prior thereto and only then in cases where investors have sought to redeem their Class A ordinary shares.
Only upon any such redemption of public shares as we are required to