Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 254

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 254
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 following the Proposed Transaction, it was the view of the CSLM Board that Pubco should be structured as a corporation organized in the United States. The CSLM Board believes that there are several reasons why a reincorporation in Delaware is in the best interests of CSLM and its shareholders. These additional reasons can be summarized as follows:

| • |     | Prominence, Predictability and Flexibility of Delaware Law. For many years, Delaware has                                                                                                                                                                
 followed a policy of encouraging incorporation in its state and, in furtherance of that policy, has been a leader in adopting, construing, and implementing comprehensive, flexible corporate laws responsive to the legal and business needs of        
 corporations organized under its laws. Many corporations have chosen Delaware initially as a state of incorporation or have subsequently changed corporate domicile to Delaware. Because of Delaware’s prominence as the state of incorporation for     
 many major corporations, both the legislature and courts in Delaware have demonstrated the ability and a willingness to act quickly and effectively to meet changing business needs. The DGCL is frequently revised and updated to accommodate changing 
 legal and business needs and is more comprehensive, widely used and                                                                                                                                                                                     |

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| interpreted than other state corporate laws. This favorable corporate and regulatory environment is attractive to businesses such as Pubco’s. |

| • |     | Well-Established Principles of Corporate Governance. There is substantial judicial precedent in                                                                                                                                                           
 the Delaware courts as to the legal principles applicable to measures that may be taken by a corporation and to the conduct of a company’s board of directors, such as under the business judgment rule and other standards. Because the judicial         
 system is based largely on legal precedents, the abundance of Delaware case law provides clarity and predictability to many areas of corporate law. CSLM believes such clarity would be advantageous to Pubco, the Pubco Board and management to make     
 corporate decisions and take corporate actions with greater assurance as to the validity and consequences of those decisions and actions. Further, investors and securities professionals are generally more familiar with Delaware corporations, and the 
 laws governing such corporations, increasing their level of comfort with Delaware corporations relative to other jurisdictions. The Delaware courts have developed considerable expertise in dealing with corporate issues, and a substantial body of     
 case law has developed construing Delaware law and establishing public policies with respect to corporate legal affairs. Moreover, Delaware’s vast body of law on the fiduciary duties of directors provides appropriate protection for Pubco’s           
 stockholders from possible abuses by directors and officers.                                                                                                                                                                                              |

| • |     | Increased Ability