Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 468

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 468
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 Alternatively, if a court were to find this
provision of our Warrant Agreement inapplicable or unenforceable with respect to one or more of the specified types of actions or proceedings, we may incur additional costs associated with resolving such matters in other jurisdictions, which could
materially and adversely affect our business, financial condition and results of operations and result in a diversion of the time and resources of our management and board.

Private Placement Warrants

The
Private Placement Warrants (including shares of Pubco Common Stock issuable upon exercise of such warrants) will not be transferable, assignable or salable until 30 days after the Closing (except, among other limited exceptions, to CSLM’s
officers and directors and other persons or entities affiliated with the Sponsor) and they will not be redeemable by Pubco so long as they are held by the Sponsor, members of the Sponsor or their permitted transferees (except as set forth under
“—Warrants—Public Warrants—Redemption of Pubco Warrants when the price per share of Pubco Common Stock equals or exceeds $10.00”). The Sponsor or its permitted transferees have the option to exercise the Private Placement Warrants on a cashless basis. Except as described below, the Private Placement Warrants have terms and provisions that are identical to
those of the warrants sold as part of the Units in CSLM’s IPO. If the Private Placement Warrants are held by holders other than the Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by Pubco and
exercisable by the holders on the same basis as the warrants included in the Units sold in CSLM’s IPO.

Except as described
above under “—Public Warrants—Redemption of Pubco Warrants when the price per share of Pubco Common Stock equals or exceeds $10.00,” if holders of the Private
Placement Warrants elect to exercise them on a cashless basis, they would pay the exercise price by surrendering his, her or its warrants for that number of shares of Pubco Common Stock equal to the quotient obtained by dividing (x) the product
of the number of shares underlying the Pubco Warrants, multiplied by the excess of the “fair market value” of the Pubco Common Stock (as defined below) over the exercise price of the warrants by (y) the fair market value. The
“fair market value” means the average reported closing price of the Pubco Common Stock for the