Company: KOYNU
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001829126-25-003675
Chunk: 126

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-05-15
Form: DRS
Chunk 126
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 or maintain in effect a registration statement, but we will use our commercially reasonable
efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. In no event
will we be required to net cash settle any warrant, or issue securities or other compensation in exchange for the warrants in the
event that we are unable to register or qualify the shares underlying the warrants under applicable state securities laws and no
exemption is available. If the issuance of the shares upon exercise of the warrants is not so registered or qualified or exempt from
registration or qualification, the holder of such warrant shall not be entitled to exercise such warrant and such warrant may have
no value and expire worthless. In such event, holders who acquired their warrants as part of a purchase of units will have paid the
full unit purchase price solely for the Class A ordinary shares included in the units. There may be a circumstance where an
exemption from registration exists for holders of our private warrants to exercise their warrants while a corresponding exemption
does not exist for holders of the public warrants included as part of units sold in this offering. In such an instance, our Sponsor
and its permitted transferees (which may include our directors and executive officers) would be able to exercise their warrants and
sell the ordinary shares underlying their warrants while holders of our public warrants would not be able to exercise their warrants
and sell the underlying ordinary shares. If and when the public warrants become redeemable by us, we may exercise our redemption
right even if we are unable to register or qualify the underlying Class A ordinary shares for sale under all applicable state
securities laws. As a result, we may redeem the public warrants as set forth above even if the holders are otherwise unable to
exercise such warrants.

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In order to effectuate an initial business combination, blank check companies have, in the recent past, amended various provisions of their charters and other governing instruments. We may seek to amend our amended and restated memorandum and articles of association or governing instruments in a manner that will make it easier for us to complete our initial business combination that our shareholders may not support.

In order to effectuate a
business combination, blank check companies have, in the recent past, amended various provisions of their charters and governing instruments.
For example, blank check companies have amended the definition of business combination, increased redemption thresholds, and extended
the time to consummate a business combination. Amending our amended and restated