Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 95

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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 shares. The non-redeemable Class A
ordinary shares are the same as the Class B ordinary shares in that they do not have redemption rights and are not entitled to
proceeds from liquidation from the Trust Account if the Company does not consummate a business combination. However, unlike the
Class B ordinary shares, the non-redeemable Class A ordinary shares do not have voting rights to appoint or remove directors of the
Company. In connection with the shareholders’ vote at the Annual Meeting of shareholders held by the Company on August 18,
2024, 3,399,500 redeemable Class A ordinary shares were tendered for redemption for an aggregate value of $38,596,223 and
distributed from the Trust Account on August 21, 2024. At June 30, 2025 and December 31, 2024, there were 1,372,687 non-redeemable
Class A ordinary shares issued or outstanding, excluding 4,772,187 redeemable Class A ordinary shares issued and outstanding subject
to possible redemption, at redemption value.

Class B Ordinary shares — The Company is authorized to issue
50,000,000 shares of Class B ordinary shares with a par value of $0.0001 per share. On July 13, 2023, the Company issued 4,743,749 shares
of its non-redeemable Class A ordinary shares to the Sponsor upon the conversion of an equal number of Class B ordinary shares. At June
30, 2025 and December 31, 2024, there was one (1) shares of Class B ordinary shares issued and outstanding.

With respect to any other matter submitted to a vote of our shareholders,
including any vote in connection with our initial business combination, except as required by law, holders of our Founder Shares and holders
of our public shares will vote together as a single class, with each share entitling the holder to one vote. However, prior to the consummation
of the Business Combination, holders of the Class B ordinary shares will have the right to elect all of the Company’s directors
and may remove members of the board of directors for any reason.

The shares of Class B ordinary shares will automatically convert into
Class A ordinary shares at the time of a Business Combination on a one-for-one basis, subject to adjustment. In the case that additional
Class A ordinary shares, or equity-linked securities, are issued or deemed issued in excess of the amounts