Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 137

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 137
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Although we are registering the Class A ordinary shares issuable upon exercise of the warrants under the Securities Act as part of the registration statement of which this prospectus forms a part, such registration may not be in place when an investor desires to exercise warrants, thus precluding such investor from being able to exercise its warrants except on a cashless basis and potentially causing such warrants to expire worthless.

Although we are registering
the Class A ordinary shares issuable upon exercise of the warrants under the Securities Act as part of the registration statement of
which this prospectus forms a part, such registration may not be in place when an investor desires to exercise warrants, thus precluding
such investor from being able to exercise its warrants except on a cashless basis and potentially causing such warrants to expire worthless.
Pursuant to the warrant agreement, we have agreed that, as soon as practicable, but in no event later than 20 business days after the
closing of our initial business combination, we will use our commercially reasonable efforts to file with the SEC a post-effective amendment
to the registration statement of which this prospectus forms a part or a new registration statement registration statement covering the
issuance of such shares, and we will use our commercially reasonable efforts to cause the same to become effective within 60 business
days after the closing of our initial business combination and to maintain the effectiveness of the same relating to those Class A ordinary
shares until the warrants expire or are redeemed. We cannot assure you that we will be able to do so if, for example, any facts or events
arise which represent a fundamental change in the information set forth in the registration statement or prospectus, the financial statements
contained or incorporated by reference therein are not current, complete or correct or the SEC issues a stop order. If the shares issuable
upon exercise of the warrants are not registered under the Securities Act in accordance with the above requirements, we will be required
to permit holders to exercise their public warrants on a cashless basis, in which case, the number of Class A ordinary shares that you
will receive upon cashless exercise will be equal to the quotient obtained by dividing (x) the product of the number of Class A ordinary
shares underlying the public warrants, multiplied by the excess of the “fair market value” (defined below) less the exercise
price of the public warrants by (y) the fair market value. The “fair market value” as used in the preceding sentence shall
mean the volume weighted average price of