Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 29

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 to repay the Working Capital Loans. The warrants would
be identical to the Private Placement Warrants. As of June 30, 2025 and December 31, 2024, no Working Capital Loans were outstanding. 

15

NOTE 6 — SHAREHOLDERS’ DEFICIT

Preference Shares — The Company is authorized to issue
5,000,000 shares of preference shares with a par value of $0.0001 per share with such designation, rights and preferences as may be
determined from time to time by the Company’s board of directors. At June 30, 2025 and December 31, 2024, there were no shares
of preference shares issued or outstanding.

Class A Ordinary shares — The Company is authorized to
issue 500,000,000 Class A ordinary shares with a par value of $0.0001 per share. Holders of Class A ordinary shares are entitled to
one vote for each share. In connection with the shareholders’ vote at the Special meeting of shareholders held by the Company
on June 29, 2023, 14,202,813 redeemable Class A ordinary shares were tendered for redemption for an aggregate value of $149,486,187
and distributed from the Trust Account on July 26, 2023. On July 13, 2023, the Company issued 4,743,749 shares of its non-redeemable
Class A ordinary shares to the Sponsor upon the conversion of an equal number of Class B ordinary shares. The non-redeemable Class A
ordinary shares are the same as the Class B ordinary shares in that they do not have redemption rights and are not entitled to
proceeds from liquidation from the Trust Account if the Company does not consummate a business combination. However, unlike the
Class B ordinary shares, the non-redeemable Class A ordinary shares do not have voting rights to appoint or remove directors of the
Company. In connection with the shareholders’ vote at the Annual Meeting of shareholders held by the Company on August 18,
2024, 3,399,500 redeemable Class A ordinary shares were tendered for redemption for an aggregate value of $38,596,223 and
distributed from the Trust Account on August 21, 2024. At June 30, 2025 and December 31, 2024, there were 1,372,687 non-redeemable
Class A ordinary shares issued