Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 154

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 154
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 Stock in the public market, particularly sales by our executive officers, directors and
principal stockholders, or the perception that these sales might occur, could cause the market price of Pubco Common Stock to decline. Holders of a substantial number of shares of Pubco Common Stock following the Business Combination are subject to
lock-up provisions in our Proposed Bylaws in that, for a period of at least one year from the date of closing of the Business Combination, subject to certain exceptions, prohibit them from offering for sale, selling, contracting to sell, granting
any option for the sale of, transferring or otherwise disposing of any shares of Pubco Common Stock and of any securities convertible into or exercisable for Pubco Common Stock, unless waived, amended, or repealed by the Pubco Board.

When the applicable lock-up periods expire, our security holders subject to the lock-up provisions will be able to sell shares of Pubco Common
Stock in the public market. In addition, the Pubco Board may, in its discretion, permit our security holders to sell shares prior to the expiration of the restrictive provisions contained in the Proposed Bylaws. Pursuant to Section 7.14(d) of the
Proposed Bylaws, the Pubco Board of Directors may also waive, amend or repeal the terms of the lock-up provision in the Proposed By laws for any reason, including in order to meet or maintain the Nasdaq listing requirements, which would allow the
holders of any securities held by the parties to such lock-up agreements. to sell our shares without restriction, subject to applicable securities laws. Sales of a substantial number of such shares upon expiration of the lock-up provisions, the
perception that such sales may occur or early release of these provisions could cause our market price to fall or make it more difficult for you to sell your common stock at a time and price that you deem appropriate.

In addition, we may file a registration statement to register shares reserved for future issuance under our equity compensation plans. Subject
to the satisfaction of applicable vesting requirements and expiration of the lock-up provisions referred to above, the shares issued upon exercise of outstanding stock options would be available for immediate resale in the open market.

A decline in the price of Pubco Common Stock could affect the company’s ability to raise working capital and adversely impact the company’s ability to continue operations.

A prolonged decline in the price of Pubco Common Stock could result in a reduction
in the liquidity of the common stock and a reduction in our ability to raise capital. A decline in the