Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 87

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 87
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 additional information.
Our Sponsor controls a substantial interest in us and thus may exert a substantial influence on actions requiring a shareholder vote,
potentially in a manner that you do not support.

If we seek shareholder approval of our initial business combination, our initial shareholders have agreed to vote in favor of such initial business combination, regardless of how our public shareholders vote.

We expect that our initial
shareholders and their permitted transferees, will beneficially own approximately 25% of the issued and outstanding ordinary shares at
the time of any such shareholder vote (assuming they do not purchase any public units in this offering and excluding any shares underlying
the private units). Our initial shareholders and management team also may from time to time purchase public shares prior to our initial
business combination. Our amended and restated memorandum and articles of association provides that, if we seek shareholder approval
of an initial business combination, such initial business combination will be approved if we receive a special resolution under Cayman
Islands law and our amended and restated memorandum and articles of association, which requires the affirmative vote of at least a two-thirds
(2/3) majority (or such higher approval threshold as specified in the Company’s amended and restated memorandum and articles of
association) of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy
at a general meeting of the Company of which notice specifying the intention to propose the resolution as a special resolution has been
duly given. Our initial shareholders (and their permitted transferees will agree), pursuant to the terms of the agreements to be entered
into with us, to vote any Class A and Class B ordinary shares held by them in favor of our initial business combination. As a result,
in addition to the founder shares and private shares held by our initial shareholders, we would need approximately 6,279,166 public shares,
or approximately 31.39% of the 20,000,000 public shares sold in this offering to be voted in favor of a transaction (assuming all issued
and outstanding shares are voted, the over-allotment option is not exercised and 1,000,000 founder shares are forfeited) in order to
have such initial business combination approved. In addition, Meteora, for which Mr. Mittal serves as the Managing Member and Chief Investment
Officer, Consilium or their affiliates may also purchase additional public shares which they have agreed to vote in favor of a transaction.

Ass