Company: KOYNU
Filing Date: 2025-07-31
Form Type: S-1/A
Source: 0001829126-25-005627
Chunk: 178

Company: CSLM Digital Asset Acquisition Corp III, Ltd
Filing Date: 2025-07-31
Form: S-1/A
Chunk 178
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 United States District Court for the
Southern District of New York (a “foreign action”) in the name of any holder of our warrants, such holder shall be deemed
to have consented to: (x) the personal jurisdiction of the state and federal courts located in the State of New York in connection with
any action brought in any such court to enforce the forum provisions (an “enforcement action”), and (y) having service of
process made upon such warrant holder in any such enforcement action by service upon such warrant holder’s counsel in the foreign
action as agent for such warrant holder.

This choice-of-forum provision
may limit a warrant holder’s ability to bring a claim in a judicial forum that it finds favorable for disputes with our Company,
which may discourage such lawsuits. Alternatively, if a court were to find this provision of our warrant agreement inapplicable or unenforceable
with respect to one or more of the specified types of actions or proceedings, we may incur additional costs associated with resolving
such matters in other jurisdictions, which could materially and adversely affect our business, financial condition and results of operations
and result in a diversion of the time and resources of our management and board of directors.

A provision of our warrant agreement may make it more difficult for us to consummate an initial business combination.

Unlike most blank check companies,
if

| ● | 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,                                                                                                        |

| ● | 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 the volume weighted average trading price of the Class A ordinary shares during the 20 trading day period starting on the trading         
 day prior to the day on which the Company consummates the Business Combination is below $9.20 per share (the “Trading Price”),                |

then the exercise price of the warrants will be
adjusted to be equal to 180% of the higher of the Trading Price and the price at which we issue the additional ordinary shares or equity-linked
securities. This may make it more difficult for us to consummate an initial business combination with a target business.

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