Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 148

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 148
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 to or on the effective
date of the Initial Public Offering, requiring the Company to register such securities for resale. The holders will have the right to
require us to register for resale these securities pursuant to a shelf registration under Rule 415 under the Securities Act. The holders
of a majority of these securities will also be entitled to make up to three demands, plus short form registration demands, that we register
such securities. In addition, the holders will be entitled to certain “piggy-back” registration rights with respect to registration
statements filed subsequent to our completion of our initial business combination. The Company will bear the expenses incurred in connection
with the filing of any such registration statements.

24

Underwriting Agreement

The Company granted the underwriter a 45-day option from the date
of the Initial Public Offering to purchase up to 2,475,000 additional Units to cover over-allotments, if any, at the Initial Public
Offering price less the underwriting discount. The underwriters exercised the over-allotment option in full on January 18, 2022, the
date of the Initial Public Offering. The underwriter was entitled to a cash underwriting discount of $0.20 per Unit, or $3,795,000
in the aggregate, which was paid upon the closing of the Initial Public Offering. In addition, the underwriter is entitled to a
deferred fee of $0.35 per Unit, or $6,641,250 in the aggregate. The deferred fee is payable to the underwriter from the amounts held
in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting
agreement. On November 28, 2023, the Company and BTIG entered into an agreement under which BTIG waived its entitlement to the
payment of the deferred compensation and instead receive 426,000 Class A ordinary shares from shares held by the Sponsor only in the
event of the closing of a Business Combination. Accordingly, BTIG will not receive any portion of the $6,641,250 deferred
underwriting fee in the event of the closing of a Business Combination. Pursuant to the 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 Cons