Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 60

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 60
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. In addition, if (x) we issue additional Class A ordinary         
 shares or equity-linked securities for capital raising purposes in connection with the closing of our initial business combination        
 at an issue price or effective issue price of less than $9.20 per Class A ordinary share (with such issue price or effective issue        
 price to be determined in good faith by our Board of Directors, and in the case of any such issuance to our Sponsor or its affiliates,    
 without taking into account any founder shares held by them prior to such issuance), (y) the aggregate gross proceeds from such issuances 
 represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of our initial business combination 
 on the date of the consummation of our initial business combination (net of redemptions), and (z) the volume weighted average trading     
 price of our Class A ordinary shares during the 20 trading-day period starting on the trading day prior to the day on which we consummate 
 our initial business combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the                     
 warrants will be adjusted (to the nearest cent) to be equal to 180% of the greater of (i) the Market Value or (ii) the price at which     
 we issue the additional Class A ordinary shares or equity-linked securities. On the exercise of any warrant, the exercise price will      
 be paid directly to us and not placed in the trust account.                                                                               |

| We                                                                                                                                         
 are not registering the Class A ordinary shares issuable upon exercise of the warrants (the “warrant shares”) at this                      
 time. However, 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 best efforts to file with the SEC a registration statement for the registration under the Securities 
 Act of the warrant shares and thereafter use our best efforts to cause the registration statement to become effective and to maintain      
 the effectiveness of such registration statement until the expiration of the warrants. No warrants will be exercisable for cash unless     
 we have an effective and current registration statement covering the issuance of the warrant shares and a current prospectus relating      
 thereto.                                                                                                                                   |

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| If a registration statement                                                                                                                 
 covering the issuance of the warrant shares is not effective within 60 days following the consummation of our initial business combination, 
 warrant