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

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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 middle east.

Any of the foregoing consequences, including those we cannot yet predict,
may cause our business, financial condition, results of operations and the price of our ordinary shares to be adversely affected. The
Financial Statements do not include any adjustments that might result from the outcome of this uncertainty.

Going Concern Consideration

As of June 30, 2025 and December 31, 2024, the Company had $14,041
and $83,227 in cash, respectively, and a working capital deficit of $4,958,706 and $4,056,679, respectively, excluding Marketing Securities
held in the Trust Account and the Deferred Underwriter Fee liability.

The Company’s liquidity needs through June 30, 2025 had been
satisfied through a payment from the Sponsor of $25,000 for Class B ordinary shares, par value $0.0001 per share (“Class B ordinary
shares” and shares thereof, “founder shares”), the Initial Public Offering and the sale of the private placement warrants
(see Note 3 and Note 4). Additionally, the Company drew on an unsecured promissory note to pay certain offering costs and an unsecured
promissory note bearing interest at 4.75% per annum for working capital needs.

The Company has incurred and expects to continue to incur significant
costs in pursuit of its financing and acquisition plans. These conditions raise substantial doubt about the Company’s ability to
continue as a going concern for a period within one year after the date that the Financial Statements are issued. Management plans to
address this uncertainty through related party loans from the Sponsor, an affiliate of the Sponsor, or certain of the Company’s
officers and directors or their affiliates (“Working Capital Loans”) (see Note 5) and effecting a Business Combination. However,
there is no assurance that the Company’s plans to raise capital or to consummate a Business Combination will be successful or successful
within the Combination Period.

The Financial Statements do not include any adjustments that might
result from the outcome of this uncertainty.

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying Financial Statements have been prepared in accordance
with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and
in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities and Exchange Commission (the “SEC”).
Certain information or footnote disclosures normally included in