Company: KOYNU
Filing Date: 2025-08-12
Form Type: S-1/A
Source: 0001829126-25-006117
Chunk: 404

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-08-12
Form: S-1/A
Chunk 404
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 under the Securities Act with respect to the Class A ordinary shares underlying the Warrants is then effective and a prospectus
relating thereto is current. No Warrant will be exercisable and the Company will not be obligated to issue a Class A ordinary share upon
exercise of a Warrant unless the Class A ordinary share issuable upon such Warrant exercise has been registered, qualified or deemed
to be exempt under the securities laws of the state of residence of the registered holder of the Warrants. In the event that the conditions
in the two immediately preceding sentences are not 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