Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 42

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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ium Acquisition Corp I, LTD.” to
“CSLM Acquisition Corp.”. The name change of the Company to CSLM Acquisition Corp. was effected on Nasdaq at the open of trading
on July 18, 2023 and continued trading under the same ticker symbol “CSLM”. The name change does not affect the rights of
the Company’s securities holders.

On January 18, 2022, the Company consummated its Initial Public Offering
of 18,975,000 units (the “Units”), including the issuance of 2,475,000 Units as a result of the underwriter’s exercise
of its over-allotment option. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (an “Ordinary
Share”), one right to acquire one-tenth of an Ordinary Share, and one-half of one redeemable warrant of the Company. Each whole
warrant entitles the holder thereof to purchase one Ordinary Share for $11.50 per share, subject to adjustment. The Units were sold at
a price of

$10.00 per Unit, generating gross proceeds to the Company of $189,750,000.

Substantially concurrently with the closing of the Initial Public Offering,
the Company completed the private sale of 7,942,500 private placement warrants (the “Private Placement Warrants”) at a purchase
price of $1.00 per Private Placement Warrant, to the Company’s sponsor, Consilium Acquisition Sponsor I, LLC (the “Sponsor”),
generating gross proceeds to the Company of $7,942,500. The Private Placement Warrants are identical to the warrants sold as part of the
Units in the Initial Public Offering except that, so long as they are held by the Sponsor or its permitted transferees: (1) they will
not be redeemable by the Company (except in certain redemption scenarios when the price per Ordinary Share equals or exceeds $10.00 (as
adjusted)); (2) they (including the Ordinary Shares issuable upon exercise of these warrants) may not, subject to certain limited exceptions,
be transferred, assigned or sold by the Sponsor until 30 days after the completion of the Company’s initial business combination;
(3) they may be exercised by the holders on a cashless basis; and (4) they (including the Ordinary Shares issuable upon exercise of these
warrants) are entitled to registration rights.

21

A total of