Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 105

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 105
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 into the Company’s
trust account in order to further extend the amount of time it has available to complete a business combination to August 3, 2025.

On July 28, 2025, the Company held the Approval Meeting to approve the Business Combination. At the Meeting, 5,186,264 or 84.79% of such
Shares were represented in person or by proxy, and the Business Combination was approved. In connection with the Approval Meeting, 99,187
Class A ordinary shares were tendered for redemption. Shareholders validly redeemed their Class A ordinary shares for $1,205,122, or approximately
$12.15 per Class A ordinary share. As a result, 901,955 Class A ordinary shares subject to redemption remained outstanding.

On July 31, in connection with the Merger Agreement, the Company,
CSLM Holdings, Inc., and Fusemachines entered into a forward purchase agreement (the “Forward Purchase Agreement”) with
Meteora Capital Partners, L, Meteora Select Trading Opportunities Master, LP and Meteora Strategic Capital, LLC for an OTC Equity
Prepaid Forward Transaction. The Forward Purchase Agreement is not being entered into to provide any capital to ensure that the
Company meets the minimum cash requirements for its initial business combination. Instead, the Company entered into the Forward
Purchase Agreement to provide access to additional non-dilutive growth capital at the Company’s discretion in replacement of
redeemed Trust Account assets. Pursuant to the terms of the Forward Purchase Agreement, the Seller intended, but was not obligated,
to own and hold up to 3,000,000 Maximum Number of Shares.

On August 3, 2025, the Company deposited $15,000 into the Company’s
trust account in order to further extend the amount of time it has available to complete a business combination to August 18, 2025.

20

Item 2. Management’s Discussion and Analysis of
Financial Condition and Results of Operations

References to the “Company,” “CSLM Acquisition Corp.,”
“Consilium Acquisitions Corp. I,” “our,” “us” or “we” refer to CSLM Acquisition Corp.
The following discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction
with the financial statements and the notes thereto contained elsewhere in this report. Certain information contained in the discussion
and analysis set forth below includes forward-looking statements that involve risks and uncertainties.

Special Note Regarding