Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 82

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 Warrants were placed in the Trust Account and may be invested only in U.S. government securities with a
maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act
which invest only in direct U.S. government treasury obligations. The Trust Account is intended as a holding place for funds pending
the earliest to occur of: (i) the completion of the initial Business Combination; (ii) the redemption of any public shares properly
submitted in connection with a shareholder vote to amend the Company’s amended and restated certificate of incorporation (A)
to modify the substance or timing of the Company’s obligation to redeem 100% of the public shares if the Company does not
complete the initial Business Combination within 12 months from the closing of the Initial Public Offering or (B) with respect to
any other provision relating to shareholders’ rights or pre-initial Business Combination activity; or (iii) absent an initial
Business Combination within 12 months from the closing of the Initial Public Offering, the return of the funds held in the Trust
Account to the public shareholders as part of redemption of the public shares.

8

Net Income (Loss) Per Ordinary Share

The statements of operations include a presentation of income (loss)
per Class A redeemable ordinary shares and income (loss) per non-redeemable Class A and Class B ordinary shares following the two-class
method of income per common stock. In order to determine the net income (loss) attributable to both the Class A redeemable ordinary shares
and non-redeemable Class A and Class B ordinary shares, the Company first considered the total income (loss) allocable to both sets of
stock. This is calculated using the total net income (loss) less any dividends paid. For purposes of calculating net income (loss) per
share, any remeasurement of the Class A ordinary shares subject to possible redemption was treated as dividends paid to the public shareholders.
Subsequent to calculating the total income (loss) allocable to both sets of shares, the Company split the amount to be allocated using
the total number of shares outstanding for each share class at each respective period, before and after redemptions and conversions, for
the three and six months ended June 30, 2025 and 2024, reflective of the respective participation rights.

The following tables reflect the calculation of basic and diluted net
income (loss) per ordinary shares for the three and six months ended June