Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 116

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 116
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 The Company will bear the expenses incurred in connection
with the filing of any such registration statements.

24

Underwriting Agreement

The Company granted the underwriter a 45-day option from the date
of the Initial Public Offering to purchase up to 2,475,000 additional Units to cover over-allotments, if any, at the Initial Public
Offering price less the underwriting discount. The underwriters exercised the over-allotment option in full on January 18, 2022, the
date of the Initial Public Offering. The underwriter was entitled to a cash underwriting discount of $0.20 per Unit, or $3,795,000
in the aggregate, which was paid upon the closing of the Initial Public Offering. In addition, the underwriter is entitled to a
deferred fee of $0.35 per Unit, or $6,641,250 in the aggregate. The deferred fee is payable to the underwriter from the amounts held
in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting
agreement. On November 28, 2023, the Company and BTIG entered into an agreement under which BTIG waived its entitlement to the
payment of the deferred compensation and instead receive 426,000 Class A ordinary shares from shares held by the Sponsor only in the
event of the closing of a Business Combination. Accordingly, BTIG will not receive any portion of the $6,641,250 deferred
underwriting fee in the event of the closing of a Business Combination. Pursuant to the Waiver, BTIG resigned from every capacity,
role or involvement in which BTIG may otherwise be described in any registration statement as acting or agreeing to act in the
future with respect to any business combination of CSLM and/or its Sponsor. The Company has agreed to register shares received by
BTIG from Consilium Acquisition Sponsor I, LLC, the Company’s Sponsor, upon the closing of its initial Business Combination.
In the event that such shares are not registered, the underwriter’s deferred fee shall be reinstated.

Financial Services Agreement

The Sponsor entered into a financial services agreement (the “Financial
Services Agreement”) with a service provider (the “Broker-Dealer”) for a period of twelve (12) months commencing October
13, 2022, to provide broker-dealer services. In accordance with the Financial Services Agreement, the Broker-Dealer will be paid a fee
in the