Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 51

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 51
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| • |     | The Sponsor or an affiliate of the Sponsor have issued to the CSLM working capital loans up to the amount of                                                                                                                                            
 $4,000,000. In the event that the Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the loans but no proceeds held in the Trust Account would be used to repay the Working Capital 
 Loans. All unpaid amounts would be forfeited.                                                                                                                                                                                                           |

| • |     | the continued indemnification of current directors and officers of CSLM and the continuation of 
 directors’ and officers’ liability insurance after the Business Combination;                    |

| • |     | the fact that our Sponsor, officers and directors will be reimbursed for out-of-pocket expenses incurred in                                                   
 connection with activities on our behalf, such as identifying potential target businesses and performing due diligence on suitable business combinations; and |

| • |     | the fact that our Sponsor, and current and former officers and directors will lose their entire investment in 
 us if an initial business combination is not completed.                                                       |

16

These interests may influence CSLM’s directors in making their recommendation that you vote in favor of the Business Combination Proposal, and the transactions contemplated thereby. These interests were considered by the CSLM Board when it approved the Business Combination . For more information, please see Section - “DIRECTORS, OFFICERS, EXECUTIVE COMPENSATION AND CORPORATE GOVERNANCE OF CSLM PRIOR TO THE BUSINESS COMBINATION - Conflicts of interest” on page 238.

| Q. | How has the announcement of the Proposed Transaction affected the trading price of the CSLM 
 Class A Ordinary Shares?                                                                    |

| A. | On January 22, 2024, the last trading date prior to the public announcement of the Proposed                                                                                                                                                
 Transaction, CSLM Units, CSLM Class A Ordinary Shares, Public Warrants and Public Rights closed at $10.72, $10.90, $0.046 and $0.07895, respectively. As of June 27, 2025, the closing price for each CSLM Class A Ordinary Shares, Public 
 Warrants and Public Rights was $11.97, $0.10 and $0.19, respectively.                                                                                                                                                                      |

| Q. | Why is CSLM proposing the Domestication? |

| A. | The CSLM Board believes that there are significant advantages to Pubco that will arise as a                                                                                                                                                        
 result of a change of CSLM