Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 546

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 546
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ory note as a debt extinguishment (see Note 5). As a

F-44

result, the Company measured the 3 rdA&R WC Promissory Note at its reacquisition price, which is the fair value of the amended debt instrument on February 4, 2025, or $4,715,000. The 3 rdA&R WC Promissory Note was issued at a substantial premium (see Note 5), which resulted in recording the substantial premium in excess of principal and accrued interest through additional paid-in capital. As such, on February 4, 2025, $2,750,000 of principal and $142,156 of accrued interest were re-established as liabilities, and $1,822,844 of substantial premium was recognized in additional paid-in capital on the condensed consolidated balance sheets. The following table presents the fair value information, as of March 31, 2025 and December 31, 2024, of the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. The Company’s marketable securities held in the Trust Account are based on dividend and interest income and market fluctuations in the value of invested marketable securities, which are considered observable. The fair value of the marketable securities held in trust is classified within Level 1 of the fair value hierarchy. The following table sets forth by level within the fair value hierarchy the Company’s assets and liabilities that were accounted for at fair value on a recurring basis:

| As of March 31, 2025                       |     | (Level 1) |            |     | (Level 2) |   |     | (Level 3) |   |
|:-------------------------------------------|:----|:----------|-----------:|:----|:----------|:--|:----|:----------|:--|
| Assets:                                    |     |           |            |     |           |   |     |           |   |
| Treasury Trust Funds held in Trust Account |     | $         | 16,311,760 |     | $         | — |     | $         | — |
| Liabilities:                               |     |           |            |     |           |   |     |           |   |
| As of December 31, 2024                    |     |           |            |     |           |   |     |           |   |
| Assets