Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 104

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 104
---
 fair value 
     — 
  
    Balance – June 30, 2025 
    $4,715,000 

19

NOTE 9 — SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,” establishes standards
for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major
customers. Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize
revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Company’s
chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

The Company’s CODM has been identified as the Chief Executive
Officer, who reviews the assets, operating results, and financial metrics for the Company as a whole to make decisions about allocating
resources and assessing financial performance. Accordingly, management has determined that there is only one reportable segment.

The CODM assesses performance for the single segment and decides how
to allocate resources based on net income or loss that also is reported on the statements of operations as net income or loss. The CODM
uses net income or loss to manage the business and forecasts to ensure enough capital is available to complete a business combination
or similar transaction within the business combination period. The CODM also reviews significant expenses, which are consistent with those
reported on the statements of operations, to manage, maintain, and enforce contractual agreements to ensure costs are aligned with agreements
and the budget. The measure of segment assets is reported on the balance sheets as total assets. All segment items included in net income
or loss are reported on the statements of operations and described within their respective disclosures.

NOTE 10 — SUBSEQUENT EVENTS

On July 14, 2025, the shareholders at the Extraordinary Meeting
approved an amendment to the Trust Agreement that allows the Company to extend the time to complete a business combination on a semi-month
basis, until October 18, 2025 by placing into the Company’s trust account he lesser of $0.02 per non-redeemed Class A ordinary share,
or $15,000.

In connection with the Extraordinary Meeting, 371,545 Class A
ordinary shares were tendered for redemption. Shareholders validly redeemed their Class A ordinary shares for $4,492,794, or
approximately $12.10 per Class A ordinary share.

On July 17, 2025, the Company deposited $15,000