Company: CSLMF
Filing Date: 2025-10-03
Form Type: DEF 14A
Source: 0001213900-25-096176
Chunk: 48

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-10-03
Form: DEF 14A
Chunk 48
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Our initial shareholders beneficially
own approximately 84% of the issued and outstanding ordinary shares and have the right to elect all of our directors prior to our initial
business combination as a result of holding all of the founder shares. Holders of our public shares will not have the right to appoint
any directors to our board of directors prior to our initial business combination. In addition, because of their ownership block, our
initial shareholders may be able to effectively influence the outcome of all other matters requiring approval by our shareholders, including
amendments to our amended and restated memorandum and articles of association and approval of significant corporate transactions.

Subject to certain limited
exceptions, our Initial Shareholders have agreed not to transfer, assign or sell their insider shares until six months after the date
of the consummation of our initial business combination or earlier if, subsequent to our initial business combination, we consummate
a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of our shareholders having the right
to exchange their Ordinary Shares for cash, securities or other property.

During the lock-up period,
the holders of these shares will not be able to sell or transfer their securities except: (a) to our directors or officers, any affiliates
or family members of any of our directors or officers, any members of our sponsor, or any affiliates of our sponsor, (b) in the case
of an individual, by gift to a member of the individual’s immediate family or to a trust, the beneficiary of which is a member
of the individual’s immediate family or an affiliate of such person, or to a charitable organization; (c) in the case of an individual,
by virtue of laws of descent and distribution upon death of the individual; (d) in the case of a trust, by distribution to one or more
of the permissible beneficiaries of such trust; (e) in the case of an individual, pursuant to a qualified domestic relations order; (f)
by private sales or transfers made in connection with the consummation of a business combination at prices no greater than the price
at which the securities were originally purchased; (g) in the event of our liquidation prior to our completion of our initial business
combination; (h) by virtue of the laws of its jurisdiction or its organizational documents or operating agreement; or (i) in the event
of our completion of a liquidation, merger, share exchange, reorganization or other