Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 110

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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Company to extend the time to complete a business combination on a month-to-month basis, until July 18, 2025 (the “Extended Termination
Date” or the “Extended Combination Period”) by placing $30,000 into the Company’s Trust Account. As of March 31,
2025, the Company has exercised eight (8) additional one-month extension periods, depositing an aggregate of $240,000 into the Trust Account
to extend the time to complete the business combination to April 18, 2025. On April 14, 2025, the Company deposited $30,000 into the Company’s
trust account to further extend the amount of time it has available to complete a business combination to May 18, 2025.

On July 14, 2025, the shareholders’ at the extraordinary meeting
held on July 14, 2025 (the “Extraordinary Meeting”) approved an amendment to the Trust Agreement that 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,