Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 6

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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     —   
     —   
     —   
     —   
     (30,000) 
     (869,680) 
     (899,680)
  
    Net income 
     —   
     —   
     —   
     —   
     —   
     —   
     —   
     422,450  
     422,450 
  
    Balance as of June 30, 2024 (unaudited) 
     4,772,187  
    $53,765,940  
     4,743,749  
    $474  
     1  
    $0  
    $—  
    $(9,476,691) 
    $(9,476,217)

The accompanying notes
are an integral part of the unaudited condensed consolidated financial statements.

3

CSLM ACQUISITION CORP.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

    For the Six Months Ended June 30, 

    2025  
    2024 
  
    Cash Flows from Operating Activities: 

    Net (loss) income 
    $(2,265,769) 
    $570,542 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Loss on extinguishment of debt 
     1,822,844  
     — 
  
    Accrued dividends on marketable securities held in Trust Account 
     3,604  
     1,839 
  
    Sponsor waiver of administrative services fees 
     60,000  
     60,000 
  
    Changes in current assets and current liabilities: 

    Prepaid expense 
     (42,297) 
     (34,757)
  
    Accounts payable 
     (39,808) 
     (19,837)
  
    Accrued expenses 
     232,164  
     195,173 
  
    Accrued interest – related party 
     70,479  
     42,328 
  
    Due from related party 
     (697) 
     — 
  
    Net cash (used in