Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 193

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 193
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 certain provisions, including anti-takeover provisions that limit the ability of stockholders to take certain actions and could delay or discourage takeover attempts that stockholders may consider favorable.

The Proposed Organizational Documents that will be in effect upon consummation of the Business Combination, and the DGCL, contain provisions
that could have the effect of rendering more difficult, delaying, or preventing

105

an acquisition that stockholders may consider favorable, including transactions in which stockholders might otherwise receive a premium for their shares. These provisions could also limit the price that investors might be willing to pay in the future for shares of our common stock, and therefore depress the trading price of Pubco’s common stock. These provisions could also make it difficult for stockholders to take certain actions, including electing directors who are not nominated by the current members of the Pubco Board or taking other corporate actions, including effecting changes in our management. Among other things, the Proposed Organizational Documents include provisions regarding:

| • |     | the ability of the Pubco Board to issue shares of preferred stock, including “blank check” preferred                                                                                                                      
 stock and to determine the price and other terms of those shares, including preferences and voting rights, without stockholder approval, which could be used to significantly dilute the ownership of a hostile acquirer; |

| • |     | the Pubco Proposed Charter will prohibit cumulative voting in the election of directors, which limits the 
 ability of minority stockholders to elect director candidates;                                            |

| • |     | the limitation of the liability of, and the indemnification of, Pubco’s directors and officers; |

| • |     | the ability of the Pubco Board to amend the Proposed Bylaws, which may allow the Pubco Board to take                                                                         
 additional actions to prevent an unsolicited takeover and inhibit the ability of an acquirer to amend the Proposed Bylaws to facilitate an unsolicited takeover attempt; and |

| • |     | advance notice procedures with which stockholders must comply to nominate candidates to the Pubco Board or to                                                                                                                                  
 propose matters to be acted upon at a stockholders’ meeting, which could preclude stockholders from bringing matters before annual or special meetings of stockholders and delay changes in the Pubco Board and also may discourage or deter a 
 potential acquirer from conducting a solicitation of proxies to elect the acquirer’s own slate of directors or otherwise attempting to obtain control of Pubco.                                                                                |

These provisions, alone or together, could delay or prevent hostile takeovers and changes in