Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 192

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 4
Chunk 192
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 an effective purchase price
paid for the founder shares of approximately $0.006 per share. The number of founder shares issued was determined based on the expectation
that the founder shares would represent 20% of the issued and outstanding ordinary shares upon completion of this offering.

Our sponsor purchased 7,942,500 private placement warrants, each
exercisable to purchase one Class A ordinary share at $11.50 per share, at a price of $1.00 per warrant ($7,942,500 in the
aggregate), in a private placement that closed substantially concurrently with the closing of our initial public offering.

These issuances were made pursuant to the exemption from registration
contained in Section 4(a)(2) of the Securities Act. No underwriting discounts or commissions were paid with respect to such sales.

Use of Proceeds

On January 18, 2022, the Company consummated its initial public
offering of 18,975,000 units at $10.00 per unit, generating gross proceeds of $189,750,000. BTIG, LLC and I-Bankers Securities, Inc.
acted as the book-running managers of the offering and BTIG, LLC acted as the representative of the underwriters. The securities
sold in the initial public offering were registered under the Securities Act on a registration statement on Form S-1 (No.
333-261570). The SEC declared the registration statements effective on January 12, 2022.

In connection with the initial public offering, we incurred offering
costs of approximately $11,236,250 (including deferred underwriting commissions of approximately $6,641,250). Other incurred offering
costs consisted principally of preparation fees related to the initial public offering. After deducting the underwriting discounts and
commissions (excluding the deferred portion, which amount will be payable upon consummation of the initial business combination, if consummated)
and the initial public offering expenses, $191,647,500 million of the net proceeds from our initial public offering and certain of the
proceeds from the private placement of the private placement warrants (or $10.00 per unit sold in the initial public offering) was placed
in the Trust Account. The net proceeds of the initial public offering and certain proceeds from the sale of the private placement warrants
are held in the Trust Account and invested as described elsewhere in this Quarterly Report on Form 10-Q.

On July 13, 2023 as approved by its shareholders at an