Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 54

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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�1A. Risk Factors

Factors that could cause our actual results to differ materially
from those in this Quarterly Report are any of the risks described in the Company’s annual report on Form 10-K as filed with
the SEC on April 11, 2025. Any of these factors could result in a significant or material adverse effect on our results of
operations or financial condition. Additional risk factors not presently known to us or that we currently deem immaterial may also
impair our business or results of operations.

Item 2. Unregistered Sales of Equity Securities and Use Of
Proceeds

Unregistered Sales

Prior to our initial public offering, our sponsor, paid an aggregate
of $25,000 to cover certain expenses on behalf of us in exchange for 4,743,750 founder shares, resulting in 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
cost