Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 96

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 96
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 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 management team upon conversion of working capital loans.

Rights — Except in cases where the Company is not the surviving
company in a Business Combination, each holder of a right will automatically receive one-tenth (1/10) of one Class A ordinary share upon
consummation of a Business Combination, even if the holder of a right converted all shares held by him, her or it in connection with a
Business Combination or an amendment to the Company’s Amended and Restated Certificate of Incorporation with respect to its pre-business
combination activities. In the event that the Company will not be the surviving company upon completion of a Business Combination, each
holder of a right will be required to affirmatively convert his, her or its rights in order to receive the one-tenth (1/10) of a share
underlying each right upon consummation of the Business Combination.

The Company will not issue fractional shares in connection with an
exchange of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with
the applicable provisions of the Cayman Islands law. As a result, the holders of the rights must hold rights in multiples of 10 in order
to receive shares for all of the holders’ rights upon closing of a Business Combination. If the Company is unable to complete an
initial Business Combination within the Combination Period and the Company redeems the Public Shares for the funds held in the Trust Account,
holders of rights will not receive any of such funds for their rights and the rights will expire worthless.

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