Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 323

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 323
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 the exercise price of the warrants and the fair market value by (y) the fair
market value. The “fair market value” shall mean the average reported last sale price of the public shares for the ten trading
days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of warrants. No fractional
shares will be issued upon redemption. If, upon redemption, a holder would be entitled to receive a fractional interest in a share, we
will round down to the nearest whole number of the number of Class A ordinary shares to be issued to the holder.

A holder of a warrant may
notify us in writing in the event it elects to be subject to a requirement that such holder will not have the right to exercise such
warrant, to the extent that after giving effect to such exercise, such person (together with such person’s affiliates), to the
warrant agent’s actual knowledge, would beneficially own in excess of 4.9% or 9.8% (or such other amount as a holder may specify)
of the shares outstanding immediately after giving effect to such exercise.

The warrants will be issued
in registered form under a warrant agreement between Continental Stock Transfer & Trust Company, as warrant agent, and us. You should
review a copy of the warrant agreement, which will be filed as an exhibit to the registration statement of which this prospectus is a
part, for a complete description of the terms and conditions applicable to the warrants. The warrant agreement will provide that the
terms of the warrants may be amended without the consent of any holder to cure any ambiguity or correct any defective provision. All
other modifications or amendments, including any modification or amendment to increase the warrant price or shorten the exercise period
shall require the vote or written consent of the registered holders of 50% of the number of the then outstanding public warrants and,
solely with respect to any amendment to the terms of the private warrants or working capital warrants or any provision of the warrant
agreement with respect to the private warrants, or working capital warrants (including, for the avoidance of doubt, the forfeiture or
cancellation of any private warrants or working capital warrants), 50% of the number of then outstanding private warrants (including
the vote or written consent of the underwriter) and working capital warrants.

The exercise price and number
of warrant shares issuable on exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend,
extraordinary