Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 113

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 113
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 parties
to that certain Subscription Agreement dated January 25, 2024 among Fusemachines, the Company, the Sponsor and an affiliate of the Sponsor
(the “Subscription Agreement”), entered into an amendment to the Subscription Agreement to revise the PIPE Investment Amount
to $8,840,000 (the “Subscription Agreement Amendment”).

Results of Operations

Our entire activity from inception through June 30, 2025 relates to
our formation, the Initial Public Offering and, since the closing of the Initial Public Offering, a search for a Business Combination
candidate. We will not be generating any operating revenues until the closing and completion of our Business Combination at the earliest.

For the three months ended June 30, 2025, we had a net loss of $203,872,
which consisted of $206,051 of legal and accounting expenses, $44,656 of insurance expense, $56,070 of dues and subscriptions expense,
$30,000 of administrative expense – related party, and $37,640 of interest, general and administrative expenses, offset by $170,545
dividends on marketable securities held in the Trust Account

For the six months ended June 30, 2025, we had a net loss of $2,265,769
which consisted of a $1,822,844 loss on extinguishment of debt, $492,006 of legal and accounting expenses, $90,522 of insurance expense,
$68,992 of dues and subscriptions expense, $60,000 of administrative expense – related party, and $70,508 of interest, general and
administrative expenses, offset by $339,103 dividends on marketable securities held in the Trust Account

For the three months ended June 30, 2024, we had a net income of $422,450,
which consisted of $689,680 dividends on marketable securities held in the Trust Account and $190,000 of covenant fees, offset by $225,000
of expected credit losses, $99,110 of legal and accounting expenses, $50,659 of insurance expense, $28,720 of dues and subscriptions expense,
$30,000 of administrative expense – related party, and $23,741 of interest, general and administrative expenses.

For the six months ended June 30, 2024, we had a net income of $570,542,
which consisted of $1,369,022 dividends on marketable securities held in the Trust Account and $225,000 of covenant