Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 141

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 141
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 Company’s obligation to allow redemption in connection with its initial
business combination or to redeem 100% of the Company’s public shares if the Company does not complete its initial business combination
by October 18, 2024 after depositing $70,000 into the Trust Account for each one-month Extension or (B) with respect to any other provision
relating to shareholders’ rights or pre-initial business combination activity; and (3) the redemption of the Company’s public
shares if the Company has not completed its initial business combination by October 18, 2024, subject to applicable law.

On July 13, 2023 as approved by its shareholders at an extraordinary
general meeting held on July 13, 2023 (the “Special Meeting”), The Company, and its trustee, Continental Stock Transfer &
Trust Company amended (the “Amendment”) the Investment Management Trust Agreement, dated as of January 12, 2022 (the “Trust
Agreement”), by and between the Company and Continental Stock Transfer & Trust Company (the “Trustee”) and the Company,
in order to allow the Company to extend the time to complete a business combination by fifteen (15) additional one (1) month periods until,
October 18, 2024 (the “Termination Date”). The Company is required to deposit $70,000 into the Trust Account for each one-month
Extension.

In connection with the shareholders’ vote at the Special Meeting,
14,202,813 Class A shares were tendered for redemption. Shareholders validly redeemed their shares for $149,486,187, or approximately
$10.53 per class A share. The trustee processed the redemptions on July 11, 2023 and distributed amounts from the Trust Account to the
redeeming shareholders on July 26, 2023.

Immediately after the Special Meeting, the Company extended the time
to complete the business combination by one (1) month to August 18, 2023, and deposited the sum of $70,000 into the Trust Account in accordance
with the terms of the Trust Agreement. As of June 30, 2025, the Company has exercised twelve (13) of the fifteen (15) additional one (1)
month extension periods, depositing an aggregate of $910,000 into the Trust Account, to extend the time to complete the business combination
to July 18, 2024. On July 17, 2024, the Company deposited $70