Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 167

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 167
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 combination within 24 months from the closing of this offering,
or (B) with respect to any other provision relating to our pre-business combination activity and related shareholders’ rights.
In no other circumstances will a shareholder have any right or interest of any kind to the funds in the trust account. Accordingly, to
liquidate your investment, you may be forced to sell your securities, potentially at a loss.

Nasdaq may delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities and subject us to additional trading restrictions.

We have applied to have
our public units listed on Nasdaq. We expect that our public units will be listed on Nasdaq on or promptly after the date of this prospectus.
Following the date our Class A ordinary shares and public warrants are eligible to trade separately, we anticipate that our Class A ordinary
shares and public warrants will be separately listed on Nasdaq. We cannot guarantee that our securities will be approved for listing
on Nasdaq. Although after giving effect to this offering, we expect to meet, on a pro forma basis, the minimum initial listing standards
set forth in the Nasdaq listing standards, we cannot assure you that our securities will be, or will continue to be, listed on Nasdaq
in the future or prior to our initial business combination. In order to continue listing our securities on Nasdaq prior to our initial
business combination, we must maintain certain financial, distribution and share price levels. Generally, following our initial public
offering, we must maintain a minimum market value of listed securities (generally $50,000,000) and a minimum number of holders of our
securities (generally 400 public holders). Additionally, in connection with our initial business combination, we will be required to
demonstrate compliance with Nasdaq’s initial listing requirements, which are more rigorous than Nasdaq’s continued listing
requirements, in order to continue to maintain the listing of our securities on Nasdaq. For instance, unless we decide to list on a different
Nasdaq tier, such as the Nasdaq Capital Market which has different initial listing requirements, our share price would generally be required
to be at least $4.00 per share and we would be required to have a minimum of 400 round lot holders of our securities. We may not be able
to meet those initial listing requirements at that time.

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If Nasdaq delists our securities
from trading on its exchange