Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 7

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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) provided by operating activities 
     (159,480) 
     815,288 
  
    Cash Flows from Investing Activities: 

    Purchase of treasury and other marketable securities 
     (522,706) 
     (1,790,861)
  
    Net cash used in investing activities 
     (522,706) 
     (1,790,861)
  
    Cash Flows from Financing Activities: 

    Proceeds from promissory note – related party 
     613,000  
     900,000 
  
    Net cash provided by financing activities 
     613,000  
     900,000 
  
    Net Change in Cash 
     (69,186) 
     (75,573)
  
    Cash – Beginning of the period 
     83,227  
     138,283 
  
    Cash – End of the period 
    $14,041  
    $62,710 
  
    Supplemental Disclosure of Non-cash Financing Activities: 

    Remeasurement of Class A ordinary shares subject to possible redemption 
    $519,102  
    $1,789,022 
  
    Substantial premium on promissory note issuance 
    $1,822,844  
    $— 
  
    Reserve for credit losses 
    $—  
    $225,000 

The accompanying notes
are an integral part of the unaudited condensed consolidated financial statements.

4

CSLM ACQUISITION CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
JUNE 30, 2025

(unaudited)

NOTE 1 — ORGANIZATION AND BUSINESS BACKGROUND

Organization and General

CSLM ACQUISITION CORP. (the “Company”) is a blank
check company incorporated in the Cayman Islands as an exempted company on April 13, 2021. The Company was incorporated for the
purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business
combination with one or more businesses (the “Business Combination”). We intend to effectuate our initial Business
Combination using cash from the proceeds of the initial public offering and the sale of the private placement warrants, our capital
stock, debt or a combination of cash,

stock and debt. The Company’s unaudited condensed financial statements
include CSLM Merger Sub