Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 234

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 234
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 that, at the Closing, the Sponsor will hold an aggregate of 4,743,750 shares of Pubco Common Stock and 3,971,250 Pubco Warrants, which if unrestricted and freely tradeable, would be valued at approximately $57,179,812, based on the $11.97 closing 
 price of the CSLM Class A Ordinary Shares and the $0.10 closing price of the CSLM Warrants on June 27, 2025. However, given that such shares of Pubco Common Stock will be subject to certain restrictions, including those described elsewhere        
 in this proxy statement/prospectus, CSLM believes such shares have less value.                                                                                                                                                                         |

| • |     | If CSLM does not consummate a business combination by July 18, 2025, by depositing $30,000 in the Trust                                                                                                                                                   
 account on a monthly basis for each one-month extension (or if such date is extended at a duly called extraordinary general meeting or an annual general meeting, such later date), it would cease all operations except for the purpose of winding up,   
 redeeming all of the outstanding Public Shares for cash and, subject to the approval of its remaining shareholders and the CSLM Board, liquidating and dissolving, subject in each case to its obligations under Cayman Islands law to provide for claims 
 of creditors and the requirements of other applicable law. In such event, the Founder Shares owned by the Sponsor would be worthless because following the redemption of the Public Shares, CSLM would likely have few, if any, net assets and because    
 the Insiders have agreed to waive their respective rights                                                                                                                                                                                                 |

132

| to liquidating distributions from the Trust Account in respect of the Founder Shares if CSLM fails to complete a business combination within the required period. Additionally, in such event, the                                        
 Private Placement Warrants (including the underlying securities) will also expire worthless. CSLM’s directors and executive officers have an indirect economic interest in the Private Placement Warrants and Founder Shares owned by the 
 Sponsor.                                                                                                                                                                                                                                  |

| • |     | As a result of the low purchase price paid for the Founder Shares, even if the trading price of the Pubco                                                                                                                                              
 Common Stock were as low as $2.10 per share, the aggregate market value of the Founder Shares alone (without taking into account the value of the Pubco Common Stock and Pubco Warrants issued in respect of the Private Placement Warrants or the     
 Public Shares held by the Sponsor) would be approximately