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

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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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.

5

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”) by depositing into the Trust Account $70,000 for each one-month extension. At the
Special Meeting, the shareholders of the Company approved a special resolution to the Articles of Association to extend the time to consummate
a business combination until October 18, 2024 and the Amendment in accordance with the Company’s Amended and Restated Memorandum
of Association and Articles of Association (the “Articles of Association”).

In connection with the shareholders’ vote at the Special Meeting,
14,202,813 Class A shares were tendered for redemption. Shareholders validly redeemed their Class A ordinary shares for $149,486,187,
or approximately $10.53 per Class A ordinary 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 thirteen (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