Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 49

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 B ordinary
shares” and shares thereof, “founder shares”), the Initial Public Offering and the sale of the private placement warrants.
Additionally, the Company drew on an unsecured promissory note to pay certain offering costs and an unsecured promissory note bearing
interest at 4.75% per annum to pay for working capital needs.

The Company has incurred and expects to continue to incur significant
costs in pursuit of its financing and acquisition plans. These conditions raise substantial doubt about the Company’s ability to
continue as a going concern for a period within one year after the date that the financial statements are issued. Management plans to
address this uncertainty through related party loans from the Sponsor, an affiliate of the Sponsor, or certain of the Company’s
officers and directors or their affiliates (“Working Capital Loans”) and effecting a Business Combination. However, there
is no assurance that the Company’s plans to raise capital or to consummate a Business Combination will be successful or successful
within the Combination Period. In addition, management is currently evaluating the impact of various factors that could cause economic
uncertainty and volatility in the financial markets, many of which are beyond its control. The business could be impacted by, among other
things, downturns in the financial markets or in economic conditions, inflation, increases in interest rates, adverse developments affecting
the financial services industry, and geopolitical instability, such as the military conflict in the Ukraine.

These factors, among others, raise substantial doubt about the Company’s
ability to continue as a going concern one year from the date these financial statements are issued. These financial statements do not
include any adjustments that might result from the outcome of this uncertainty.

Contractual Obligations

We do not have any long-term debt, capital lease obligations, operating
lease obligations or long-term liabilities as of June 30, 2025.

The underwriter of the IPO is entitled to a deferred discount of $0.35
per Unit, or $6,641,250 in the aggregate. The deferred discount will become payable to the underwriter from the amounts held in the Trust
Account solely in the event that we complete a Business Combination, subject to the terms of the underwriting agreement.

On November 28, 2023, the Company and the underwriter entered into
an agreement under which (i) the Sponsor will transfer 426,000 Class A ordinary shares held by the Sponsor to the underwriter upon the
closing of the Company’s initial business combination and (ii