Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 324

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 324
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 dividend or our recapitalization, reorganization, merger or consolidation. However, except as described below, the warrants
will not be adjusted for issuances of Class A ordinary shares at a price below their respective exercise prices.

If (x) we issue additional
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 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 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 ordinary shares or equity-linked securities.

The warrants may be exercised
upon surrender of the warrant certificate on or prior to the expiration date at the offices of the warrant agent, with the exercise form
on the reverse side of the warrant certificate completed and executed as indicated, accompanied by full payment of the exercise price
(or on a cashless basis, if applicable), by certified or official bank check payable to us, for the number of warrants being exercised.
The warrant holders do not have the rights or privileges of holders of Class A ordinary shares and any voting rights until they exercise
their warrants and receive Class A ordinary shares. After the issuance of Class A ordinary shares upon exercise of the warrants, each
holder will be entitled to one vote for each share held of record on all matters to be voted on by shareholders.

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Under the terms of the warrant
agreement, 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