Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 626

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 626
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 of earnings and cash flows into U.S. dollars.

Interest rate risk- The Company is exposed to market risk from changes in interest rates. Exposure to interest rate risk
results primarily from variable rates related to cash, short-term investments, and the Company’s borrowings. The Company does not believe it is exposed to material direct risks associated with changes in interest rates related to these
deposits, investments and borrowings.

Related Parties

Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are
controlled by, or are under common control with the Company. Related party also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with
which the Company may deal with if one party control or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests.
The Company discloses all significant related party transactions.

Going Concern

The Company’s unaudited condensed consolidated interim financial statements have been presented on the basis that it is a going concern,
which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business.

F-111

As of March 31, 2025, the Company had cash of approximately $429.3 thousand. For
the three month ended March 31, 2025, the Company used approximately $229.0 thousand in cash for operating activities. Historically, the Company has incurred recurring net losses from operations and negative cash flows from operating
activities. As of March 31, 2025, the Company had an accumulated deficit of approximately $34,470.3 thousand. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern within one year of the
date these unaudited condensed consolidated interim financial statements were issued.

The continuation of the Company as a going concern
is dependent upon the continued financial support from its stockholders and debt holders. Specifically, continuation is contingent on the Company’s ability to obtain necessary equity or debt financing to continue operations, and ultimately the
Company’s ability to generate profit from sales and positive operating cash flows, which is not assured.

The Company’s plans
include obtaining future debt and equity financings associated with the close of the Business Combination (also see “Note 1 – Organization”). If the Company is unsuccessful in completing these planned transactions, it may be required