Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 46

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 46
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 shares of Pubco Common Stock; and (iii) 1,897,500 shares of     
 Pubco Common Stock held by Public Shareholders after the conversion of the CSLM Rights, or 7% of the outstanding Pubco Common Stock. These percentages assume that no CSLM Warrants will be exercised and there are no other issuances of equity 
 securities of Pubco prior to or in connection with the Closing, including any equity awards that may be issued under the Equity Incentive Plan following the Business Combination. If the actual facts are different from these assumptions, the 
 percentage ownership retained by CSLM’s existing shareholders in the combined company will be different.                                                                                                                                         |

The following summarizes the pro forma ownership of Pubco Common Stock immediately following the Business Combination under several redemption scenarios: no additional redemptions, 25%, 50%, 75% redemptions, and full redemptions.

|                                        |     | Assuming No 
 Additional  
 Redemptions 
 Into Cash   |            |    |     |            |     |   |     | Assuming    
 25%         
 Redemptions 
 Into Cash   |            |    |     |            |     |   |     | Assuming    
 50%         
 Redemptions 
 Into Cash   |            |       |     |            |     |   |     | Assuming    
 75%         
 Redemptions 
 Into Cash   |            |       |     |            |     |   |     | Assuming    
 Maximum     
 Redemptions 
 Into Cash   |            |       |     |            |     |   |
|                                        |     | Shares      |            |    |     | Percentage |     |   |     | Shares      |            |    |     | Percentage |     |   |     | Shares      |            |       |     | Percentage |     |   |     | Shares      |            |       |     | Percentage |     |   |     | Shares      |            |       |     | Percentage |     |   |
| CSLM Public Stockholders(1)            |     |             |  3,270,187 |    |     |            |  12 | % |     |             |  2,927,015 |    |     |            |  11 | % |     |             |  2,583,843 |       |     |            |  10 | % |     |             |  2,240,671 |       |     |