Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 45

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 allows the Company to
extend the time to complete a business combination on a semi-month basis, until October 18, 2025 by placing into the Company’s trust
account he lesser of $0.02 per non-redeemed Class A ordinary share, or $15,000.

In connection with the Extraordinary Meeting, 371,545 Class A shares
were tendered for redemption. Shareholders validly redeemed their Class A

ordinary shares for $4,492,794, or approximately $12.10 per Class A
ordinary share.

We intend to use substantially all of the funds held in the Trust Account,
including any amounts representing interest earned on the Trust Account (less deferred underwriting fees and income taxes payable), to
complete our Initial Business Combination. To the extent that our capital stock or debt is used, in whole or in part, as consideration
to complete our Initial Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance
the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

We intend to use the funds held outside the Trust Account primarily
to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices,
plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material
agreements of prospective target businesses, and structure, negotiate and complete an Initial Business Combination.

In order to fund working capital deficiencies or finance transaction
costs in connection with an Initial Business Combination, our Sponsor or an affiliate of our Sponsor or certain of our officers and directors
may, but are not obligated to, loan us funds as may be required. If we complete an Initial Business Combination, we may repay such loaned
amounts out of the proceeds of the Trust Account released to us. In the event that an Initial Business Combination does not close, we
may use a portion of the working capital held outside the Trust Account to repay such loaned amounts, but no proceeds from our Trust Account
would be used for such repayment. Up to $2,000,000 of such loans may be convertible into warrants, at a price of $1.00 per warrant, at
the option of the lender. The warrants would be identical to the Private Placement Warrants.

22

Merger Agreement

On January 22, 2024, the Company entered into a Merger Agreement, by
and among the Company, CSLM Merger Sub Inc. (“