Company: CSLMF
Filing Date: 2025-10-03
Form Type: DEF 14A
Source: 0001213900-25-096176
Chunk: 38

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-10-03
Form: DEF 14A
Chunk 38
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 such as the Committee on Foreign Investment in the United States (CFIUS), or ultimately
prohibited.

CSLM’s sponsor, CSLM
Acquisition Sponsor I, LLC, a Cayman Islands limited liability company, is controlled by US persons and CSLM’s Chairman, Chief
Executive Officer and Chief Financial Officer are also US persons. CSLM has one independent director that resides outside the United
States, however, we do not anticipate that he will be affiliated with the company upon completion of a business combination. In addition,
the Target for the Business Combination is a US company with US management. For these reasons, we believe that CSLM should not be considered
a “foreign person” under the regulations administered by CFIUS and should not be considered as such in the future. However,
the Proposed Business Combination with a U.S. business may be subject to CFIUS review, the scope of which was expanded by the Foreign
Investment Risk Review Modernization Act of 2018 (“FIRRMA”), to include certain non-passive non-controlling investments
in sensitive U.S. businesses and certain acquisitions of real estate even with no underlying U.S. business. FIRRMA, and subsequent implementing
regulations that are now in force, also subjects certain categories of investments to mandatory filings. If CSLM’s potential initial
business combination with a U.S. business falls within CFIUS’s jurisdiction, CSLM may determine that it is required to make a mandatory
filing or that it will submit a voluntary notice to CFIUS, or to proceed with the initial business combination without notifying CFIUS
and risk CFIUS intervention, before or after closing the initial business combination. CFIUS may decide to block or delay CSLM’s
initial business combination, impose conditions to mitigate national security concerns with respect to such initial business combination
or order CSLM to divest all or a portion of a U.S. business of the combined company without first obtaining CFIUS clearance, which may
limit the attractiveness of or prevent CSLM from pursuing certain initial business combination opportunities that it believes would otherwise
be beneficial to CSLM and its shareholders. As a result, the pool of potential targets with which CSLM could complete the Proposed Business
Combination may be limited and it may be adversely affected in terms of competing with other special purpose acquisition companies which
do not have similar foreign ownership issues.

Moreover, the process of
government review, whether by the CFIUS or otherwise, could be lengthy and CSL