Company: CSLMF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001193125-25-120859
Chunk: 6

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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CSLM ACQUISITION CORP. 

CONDENSED CONSOLIDATED BALANCE SHEETS 

March 31, 2025 (unaudited)

December 31, 2024

Assets:

Current assets:

Cash
  
$
3,213

$
83,227

Prepaid expenses

— 

6,670

Due from related party

31,849

31,849

Other receivable, net of reserve for credit losses of $0 and $505,000 as of March 31, 2025 and December 31, 2024, respectively

— 

— 

Marketable securities held in Trust Account

16,311,760

16,053,202

Total Assets
  
$
16,346,822

$
16,174,948

Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit

Current liabilities:

Accounts payable
  
$
387,846

$
330,180

Accrued expenses

1,149,007

968,615

Promissory note – related party

2,860,000

2,750,000

Accrued interest - related party

162,499

129,630

Deferred underwriting commissions

6,641,250

6,641,250

Total Liabilities

11,200,602

10,819,675

Commitments and Contingencies (Note 7)

Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized, 1,372,687 shares subject to redemption as of March 31, 2025 and December 31, 2024

16,311,760

16,053,202

Shareholders’ Deficit:

Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding

— 

— 

Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 4,743,749 issued and outstanding, excluding 1,372,687 subject to possible redemption as of March 31, 2025 and December 31, 2024

474

474 

Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 1 share issued and outstanding as of March 31, 2025 and December