Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 377

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 377
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, net cash provided by operating activities was $9,799. Net income of $148,092 was decreased by
accrued dividends on marketable securities held in trust of $232,399 and covenant fees of $35,000, offset by the Sponsor waiver of administrative services fees of $30,000 and an increase of $99,106 to operating assets and liabilities.

For the year ended December 31, 2024, net cash provided by operating activities was $1,267,939. Net income of $172,315 was increased by
accrued dividends on marketable securities held in trust of $170,488, the Sponsor waiver of administrative services fees of $120,000, and an increase of $805,137 to operating assets and liabilities.

For the year ended December 31, 2023, net cash provided by operating activities was $2,610,229. Net income of $4,626,782 was increased by and
increase of $512,246 to operating assets and liabilities and the Sponsor waiver of administrative services fees of $240,000, and reduced by realized gains on marketable securities held in Trust Account of $2,538,270 and accrued dividends on
marketable securities held in Trust Account of $230,530.

The Company’s liquidity needs through March 31, 2025 had been
satisfied through a payment from the Sponsor of $25,000 for Class B ordinary shares, par value $0.0001 per share (“Class B ordinary shares” and shares thereof, “founder shares”), the Initial Public Offering and the sale of the
private placement warrants. Additionally, the Company drew on an unsecured promissory note to pay certain offering costs and an unsecured promissory note bearing interest at 4.75% per annum to pay for working capital needs.

The Company has incurred and expects to continue to incur significant costs in pursuit of its financing and acquisition plans. These
conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period within one year after the date that the financial statements are issued. Management plans to address this uncertainty through related
party loans from the Sponsor, an affiliate of the Sponsor, or certain of the Company’s officers and directors or their affiliates (“Working Capital Loans”) and effecting a Business Combination. However, there is no assurance that the
Company’s plans to raise capital or to consummate a Business Combination will be successful or successful within the Extended Combination Period. In addition,