Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 16

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 16
---
 the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the
new or revised standard. This may make comparison of the Company’s financial statements with another public company, which is
neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period
difficult or impossible because of the potential differences in accounting standards used.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires
the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure
of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during
the reporting period.

Making estimates requires management to exercise significant judgment.
It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the
date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or
more future confirming events. Accordingly, the actual results could differ significantly from those estimates.

Cash and Cash Equivalents

The Company considers all short-term investments with an original
maturity of three months or less when purchased to be cash equivalents. 

Marketable Securities Held in Trust Account

Following the closing of the Initial Public Offering on January
18, 2022, an amount of $191,647,500 from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of
the Private Placement Warrants were placed in the Trust Account and may be invested only in U.S. government securities with a
maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act
which invest only in direct U.S. government treasury obligations. The Trust Account is intended as a holding place for funds pending
the earliest to occur of: (i) the completion of the initial Business Combination; (ii) the redemption of any public shares properly
submitted in connection with a shareholder vote to amend the Company’s amended and restated certificate of incorporation (A)
to modify the substance or timing of the Company’s obligation to redeem 100% of the public shares if the Company does not
complete the initial Business Combination within 12 months from the closing of the Initial Public Offering or (B) with respect to
any other provision relating to shareholders’ rights or pre-initial Business Combination activity; or (iii) absent