Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 73

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 73
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CSLM ACQUISITION CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
JUNE 30, 2025

(unaudited)

NOTE 1 — ORGANIZATION AND BUSINESS BACKGROUND

Organization and General

CSLM ACQUISITION CORP. (the “Company”) is a blank
check company incorporated in the Cayman Islands as an exempted company on April 13, 2021. The Company was incorporated for the
purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business
combination with one or more businesses (the “Business Combination”). We intend to effectuate our initial Business
Combination using cash from the proceeds of the initial public offering and the sale of the private placement warrants, our capital
stock, debt or a combination of cash,

stock and debt. The Company’s unaudited condensed financial statements
include CSLM Merger Sub, Inc. and CSLM Holdings, Inc., both wholly- owned subsidiaries of CSLM Acquisition Corp. and are presented on
a consolidated basis (the “Financial Statements”).

The Company is not limited to a particular industry or geographic location
for purposes of consummating a Business Combination. The Company is an early stage and emerging growth company and, as such, the Company
is subject to all of the risks associated with early stage and emerging growth companies.

As of June 30, 2025, the Company had not commenced any operations.
All activity from April 13, 2021 (inception) through June 30, 2025 relates to the Company’s formation, the initial public offering
(“Initial Public Offering” or “IPO”), which is described below, and pursuit of a Business Combination. The Company
will not generate any operating revenues until after the completion of a Business Combination, at the earliest. The Company will generate
non-operating income in the form of investment income from the proceeds derived from the Initial Public Offering. The Company has selected
December 31 as its fiscal year end.

On July 13, 2023, the Company submitted a certificate of incorporation
of name change to the Cayman Islands Registry of Companies to change our name from “Consilium Acquisition Corp I, LTD.” to
“CSLM Acquisition Corp.”. The name change of the Company to CSLM Acquisition Corp. was effected on Nasdaq at the open of
trading on July 18, 2023 and continued