Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 243

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 243
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5 of the Exchange Act, which are rules designed to stop potential manipulation
of a company’s stock.

Redemption Rights

At any meeting called to approve an initial business combination, public shareholders
(but not our initial shareholders or the underwriter) may seek to redeem their Class A ordinary shares, regardless of whether they vote for or against the proposed business
combination, by converting such shares into their pro rata share of the aggregate
amount then on deposit in the trust account as of two business days prior to the consummation
of the initial business combination, less any taxes then due but not yet paid (which
taxes may be paid only from the interest earned on the funds in the trust account,
net of taxes). Alternatively, we may provide our public shareholders (but not our
initial shareholders or the underwriter) with the opportunity to sell their Class A ordinary shares to us through a tender offer (and thereby avoid the need for a shareholder
vote) for an amount equal to their pro rata share of the aggregate amount then on
deposit in the trust account, less any taxes then due but not yet paid.

We may also require public shareholders seeking redemption, whether they are a record
holder or hold their shares in “street name,” to either (i) tender their certificates to our transfer agent or (ii) deliver their shares to the transfer agent electronically using Depository Trust Company’s DWAC (Deposit/Withdrawal At Custodian) System, at the holder’s option, in each case prior to a date set forth in the proxy materials sent in connection
with the proposal to approve the business combination.

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There is a nominal cost associated with the above-referenced delivery process and
the act of certificating the shares or delivering them through the DWAC System. The
transfer agent will typically charge the tendering broker $80.00 and it would be up
to the broker whether or not to pass this cost on to the holder. This fee would be
incurred regardless of whether or not we require holders seeking to exercise redemption
rights to do so prior to the time that we know that the proposed business combination
will be consummated. The need to deliver shares is a requirement of exercising redemption
rights regardless of the timing of when such delivery must be effectuated. Thus, in
the event we require shareholders seeking to exercise redemption rights to deliver
their shares prior to the consummation of the proposed business combination and the
proposed business