Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 33

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 of warrants when the price per Class A ordinary shares
equals or exceeds $18.00. Once the public warrants become exercisable, the Company may redeem the Public Warrants:

●in whole and not in part;

●at a price of $0.01 per warrant;

●upon not less than 30 days’ prior written notice of
redemption to each warrant holder; and

●if, and only if, the closing price of the Class A ordinary
shares equals or exceeds $18.00 per share for any 20 trading days within a 30- trading day period ending three trading days before the
Company sends the notice of redemption to the warrant holders

If and when the Public Warrants become redeemable by the Company, it
may exercise its redemption right even if the Company is unable to register or qualify the underlying securities for sale under all applicable
state securities laws.

In addition, if (x) the Company issues additional Class A ordinary
shares or equity-linked securities for capital raising purposes in connection with the closing of a Business Combination at an issue price
or effective issue price of less than $9.20 per share of Class A ordinary shares (with such issue price or effective issue price to be
determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Sponsor or its affiliates,
without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly
Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest
thereon, available for the funding of a Business Combination on the date of the consummation of a Business Combination (net of redemptions),
and (z) the volume weighted average trading price of the Class A ordinary shares during the 20 trading day period starting on the trading
day prior to the day on which the Company consummates a Business Combination (such price, the “Market Value”) is below $9.20
per share, then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market
Value and the Newly Issued Price and the $18.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal
to 180% of the higher of the Market Value and the Newly Issued Price.

The Private Placement Warrants are