Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 116

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 116
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 (and corresponding provisions of the agreement governing the release of funds from our trust account) may be amended with the approval of holders of at least a majority of our issued and outstanding shares. It may be easier for us, therefore, to amend our amended and restated memorandum and articles of association and the trust agreement to facilitate the completion of an initial business combination that some of our shareholders may not support.

Our amended and restated
memorandum and articles of association will provide that any of its provisions related to pre-business combination activity (including
the requirement to deposit proceeds of this offering and the sale of the private units into the trust account and not release such amounts
except in specified circumstances, and to provide redemption rights to public shareholders as described herein) may be amended if approved
by special resolution, meaning holders of at least two-thirds of our ordinary shares who attend and vote at a shareholder meeting of the
Company, and corresponding provisions of the trust agreement governing the release of funds from our trust account may be amended if approved
by holders of at least 65% of our ordinary shares, which are represented in person or by proxy and are voted at a general meeting; provided
that the provisions of our amended and restated memorandum and articles of association governing the appointment and removal of directors
prior to our initial business combination and our continuation in a jurisdiction outside the Cayman Islands prior to our initial business
combination may only be amended by a special resolution passed by holders representing at least two-thirds of our outstanding Class B
ordinary shares. Our initial shareholders, and their permitted transferees, if any, who will collectively beneficially own, on an as-converted
basis, 40% of our Class B ordinary shares upon the closing of this offering (assuming they do not purchase any shares in this offering
and that no over-allotment option is exercised by the underwriter and excluding any shares underlying the private units), will participate
in any vote to amend our amended and restated memorandum and articles of association and will have the discretion to vote in any manner
they choose. As a result, we may be able to amend the provisions of our amended and restated memorandum and articles of association which
govern our pre-business combination behavior more easily than some other blank check companies, and this may increase our ability to complete
a business combination with which you do not agree. Our shareholders may pursue remedies against us for any breach of our amended and
restated memorandum and articles of association.

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