Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 30

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 or outstanding, excluding 4,772,187 redeemable Class A ordinary shares issued and outstanding subject
to possible redemption, at redemption value.

Class B Ordinary shares — The Company is authorized to issue
50,000,000 shares of Class B ordinary shares with a par value of $0.0001 per share. On July 13, 2023, the Company issued 4,743,749 shares
of its non-redeemable Class A ordinary shares to the Sponsor upon the conversion of an equal number of Class B ordinary shares. At June
30, 2025 and December 31, 2024, there was one (1) shares of Class B ordinary shares issued and outstanding.

With respect to any other matter submitted to a vote of our shareholders,
including any vote in connection with our initial business combination, except as required by law, holders of our Founder Shares and holders
of our public shares will vote together as a single class, with each share entitling the holder to one vote. However, prior to the consummation
of the Business Combination, holders of the Class B ordinary shares will have the right to elect all of the Company’s directors
and may remove members of the board of directors for any reason.

The shares of Class B ordinary shares will automatically convert into
Class A ordinary shares at the time of a Business Combination on a one-for-one basis, subject to adjustment. In the case that additional
Class A ordinary shares, or equity-linked securities, are issued or deemed issued in excess of the amounts offered in the Initial Public
Offering and related to the closing of a Business Combination, the ratio at which shares of Class B ordinary shares shall convert into
Class A ordinary shares will be adjusted (unless the holders of a majority of the outstanding shares of Class B ordinary shares agree
to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares issuable
upon conversion of all shares of Class B ordinary shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of the
total number of all shares of ordinary shares outstanding upon the completion of the Initial Public Offering plus all Class A ordinary
shares and equity-linked securities issued or deemed issued in connection with a Business Combination, excluding any shares or equity-linked
securities issued, or to be issued, to any seller in a Business Combination and excluding any private placement warrants issued to our
sponsor, its affiliates or any member of our