Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 108

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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 (the “Sponsor”),
generating gross proceeds to the Company of $7,942,500. The Private Placement Warrants are identical to the warrants sold as part of the
Units in the Initial Public Offering except that, so long as they are held by the Sponsor or its permitted transferees: (1) they will
not be redeemable by the Company (except in certain redemption scenarios when the price per Ordinary Share equals or exceeds $10.00 (as
adjusted)); (2) they (including the Ordinary Shares issuable upon exercise of these warrants) may not, subject to certain limited exceptions,
be transferred, assigned or sold by the Sponsor until 30 days after the completion of the Company’s initial business combination;
(3) they may be exercised by the holders on a cashless basis; and (4) they (including the Ordinary Shares issuable upon exercise of these
warrants) are entitled to registration rights.

21

A total of $2,250,000 was deposited to the Company’s operating
account and a total of $191,647,500, comprised of a portion of proceeds from the IPO and the sale of the Private Placement Warrants, was
placed in a U.S.-based trust account at JP Morgan Chase Bank, N.A., maintained by Continental Stock Transfer & Trust Company, acting
as trustee (the “Trust Account”). Except with respect to interest earned on the funds held in the Trust Account that may be
released to the Company to pay its taxes, if any, the funds held in the Trust Account will not be released from the Trust Account until
the earliest to occur of: (1) the Company’s completion of an initial business combination; (2) the redemption of any public shares
properly submitted in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles of
association (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with its initial
business combination or to redeem 100% of the Company’s public shares if the Company does not complete its initial business combination
by October 18, 2024 after depositing $70,000 into the Trust Account for each one-month Extension or (B) with respect to any other provision
relating to shareholders’ rights or pre-initial business combination activity; and (3) the redemption of the Company’s public
shares if the Company has not completed its initial business combination by October 18, 2024, subject to applicable