Company: KOYNU
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001829126-25-006117
Chunk: 432

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-12
Form: S-1/A
Chunk 432
---
 satisfied with respect to a Warrant, the holder of such Warrant will not be entitled
to exercise such Warrant and such Warrant may have no value and expire worthless. In no event will the Company be required to net cash
settle any Warrant. In the event that a registration statement is not effective for the exercised Warrants, the purchaser of a Unit containing
such Warrant will have paid the full purchase price for the Unit solely for the Class A ordinary share underlying such Unit.

Under the terms of the warrant agreement,
the Company will agree that, as soon as practicable, but in no event later than 20 business days after the closing of its Business Combination,
it will use commercially reasonable efforts to file with the SEC a post-effective amendment to the registration statement for the Proposed
Public Offering or a new registration statement covering the registration under the Securities Act of the Class A ordinary shares issuable
upon exercise of the Warrants and thereafter will use its commercially reasonable efforts to cause the same to become effective within
60 business days following the Company’s initial Business Combination and to maintain a current prospectus relating to the Class
A ordinary shares issuable upon exercise of the Warrants until the expiration of the Warrants in accordance with the provisions of the
warrant agreement. If a registration statement covering the Class A ordinary shares issuable upon exercise of the Warrants is not effective
by the sixtieth (60) business day after the closing of the initial Business Combination, Warrant holders may, commencing
on the 61 day until such time as there is an effective registration statement and during any period when the Company will
have failed to maintain an effective registration statement, exercise Warrants on a “cashless basis” in accordance with Section 3(a)(9)
of the Securities Act or another exemption. Notwithstanding the above, if the Class A ordinary shares are at the time of any exercise
of a Warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under
Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Public Warrants who exercise their warrants
to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company
so elects, the Company will not be required to file or maintain in effect a registration statement, and in the event the Company does
not so elect, the Company will