Company: CSLMF
Filing Date: 2025-10-03
Form Type: DEF 14A
Source: 0001213900-25-096176
Chunk: 4

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-10-03
Form: DEF 14A
Chunk 4
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 right to redeem their shares.

On January 15, 2025, CSLM
received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), stating that CSLM
did not comply with Nasdaq Interpretive Material IM-5101-2, because the Business Combination was not consummated by January 12, 2025,
36 months after the effective date of its IPO, and that its securities were subject to delisting. CSLM’s securities were suspended
from trading on Nasdaq at the opening of business on January 22, 2025, and began trading on the OTC Markets Group, Inc. - Pink Open Market
(“OTC”).

The CSLM Units, Class A Ordinary
Shares, Rights and Warrants are currently listed on OTC under the symbols “CSLUF,” “CSLMF” “CSLRF”
and “CSLWF,” respectively.

Holders of the Sponsor Shares
have agreed to waive their respective rights to liquidating distributions from the trust account in respect of any Sponsor Shares held
by it or them, as applicable, if the company fails to complete an initial business combination.

The Sponsor has indicated
that if the Extension Proposal is approved, the Sponsor will contribute the lesser of $0.02 per non-redeemed share, or $15,000 every
two weeks, beginning October 18, 2025, as a loan to the Company (each loan being referred to herein as a “Contribution”)
for each semi-monthly extension period, commencing on the 18 and 3 day of each month, (each such semi-monthly
extension, an “Extension Period”) until the earlier of (x) the Extended Date and (y the date that the board determines
in its sole discretion to no longer seek an initial business combination.

The Company intends to deposit
each contribution in the Trust Account within three business days of the beginning of the Extension Period which such Contribution relates
to. The Sponsor will not make any Contribution unless the Extension Proposal is approved. The Contributions will be repayable by the
Company to the Sponsor upon consummation of an initial business combination. The Company’s board of directors will have the sole
discretion to extend the timeline to consummate an initial business combination for an additional Extension Period. If the board of directors
determines not to extend the timeline to consummate an initial business combination by an additional Extension Period, the additional
Contributions will terminate