Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 62

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 62
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mation of the Proposed Transaction, the funds deposited in the Trust Account will be released to pay holders of Public Shares who properly exercise their Redemption Rights, to pay transaction fees and expenses associated with the Proposed Transaction, and for working capital and general corporate purposes of Pubco following the Proposed Transaction.

| Q. | What underwriting fees are payable in connection with the Business Combination? |

| A. | Pursuant to that certain Underwriting Agreement, dated July 12, 2022, by and between                                                                                                                                                                      
 BTIG, LLC. (“BTIG”), acting individually and as representative of the several underwriters listed on Schedule I thereto (the “Underwriting Agreement”), at the time of the IPO, CSLM provided an upfront discount to the                                  
 underwriters of its IPO of $3,795,000. In addition, pursuant to the Underwriting Agreement, BTIG was entitled to a deferred underwriting discount of $0.35 per CSLM Unit totaling $6,641,250 (the “Deferred Discount”) upon the                           
 consummation of the Business Combination, which would be payable from the amounts held in the Trust Account. On November 28, 2023, BTIG agreed to permanently waive the Deferred Underwriting Fee (the “BTIG Waiver”). Pursuant to the                    
 BTIG Waiver, BTIG resigned from every capacity, role or involvement in which BTIG may otherwise be described in any registration statement as acting or agreeing to act in the future with respect to any business combination of CSLM and/or its         
 Sponsor. The Company has agreed to register shares received by BTIG from Consilium Acquisition Sponsor I, LLC, the Company’s Sponsor, upon the closing of its initial business combination (the “BTIG Shares”). In the event that                         
 such BTIG Shares are not registered, the Deferred Discount shall be reinstated. In addition, FUSE has agreed to waive the lock-up provisions of that certain Letter Agreement, dated as of January 12, 2022, by and among CSLM, the Sponsor and the other 
 parties thereto (the “Letter Agreement”), with respect to the BTIG Shares and certain other Class A shares held by advisors that were received from the Sponsor. The following table illustrates the effective underwriting discount on                   
 a percentage basis for Public Shares at each                                                                                                                                                                                                              |

23

| redemption level identified below, taking into account that the upfront discount will not be adjusted based on redemptions and the waiver of the deferred underwriting discount: |

| Unrede