Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 31

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 management team upon conversion of working capital loans.

Rights — Except in cases where the Company is not the surviving
company in a Business Combination, each holder of a right will automatically receive one-tenth (1/10) of one Class A ordinary share upon
consummation of a Business Combination, even if the holder of a right converted all shares held by him, her or it in connection with a
Business Combination or an amendment to the Company’s Amended and Restated Certificate of Incorporation with respect to its pre-business
combination activities. In the event that the Company will not be the surviving company upon completion of a Business Combination, each
holder of a right will be required to affirmatively convert his, her or its rights in order to receive the one-tenth (1/10) of a share
underlying each right upon consummation of the Business Combination.

The Company will not issue fractional shares in connection with an
exchange of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with
the applicable provisions of the Cayman Islands law. As a result, the holders of the rights must hold rights in multiples of 10 in order
to receive shares for all of the holders’ rights upon closing of a Business Combination. If the Company is unable to complete an
initial Business Combination within the Combination Period and the Company redeems the Public Shares for the funds held in the Trust Account,
holders of rights will not receive any of such funds for their rights and the rights will expire worthless.

Warrants — Public Warrants may only be exercised for a whole
number of shares. No fractional warrants will be issued upon separation of the Units and only whole warrants will trade. Accordingly,
unless a unit holder purchases at least two units, they will not be able to receive or trade a whole warrant. The Public Warrants will
become exercisable on the later of (a) 12 months from the closing of the Initial Public Offering and (b) 30 days after the completion
of a Business Combination.

16

The Company will not be obligated to deliver any Class A ordinary shares
pursuant to the exercise of a Public Warrant and will have no obligation to settle such Public Warrant exercise unless a registration
statement under the Securities Act with respect to the Class A ordinary shares underlying the Public Warrants is then effective and a
prospectus relating thereto is current, subject to the Company satisfying its obligations with respect to registration, or a valid exemption