Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 100

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 100
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 respect to registration
statements filed subsequent to our completion of our initial business combination. The Company will bear the expenses incurred in connection
with the filing of any such registration statements.

Underwriting Agreement

The Company granted the underwriter a 45-day option from the date
of the Initial Public Offering to purchase up to 2,475,000 additional Units to cover over-allotments, if any, at the Initial Public
Offering price less the underwriting discount. The underwriters exercised the over-allotment option in full on January 18, 2022, the
date of the Initial Public Offering. The underwriter was entitled to a cash underwriting discount of $0.20 per Unit, or $3,795,000
in the aggregate, which was paid upon the closing of the Initial Public Offering. In addition, the underwriter is entitled to a
deferred fee of $0.35 per Unit, or $6,641,250 in the aggregate. The deferred fee is payable to the underwriter from the amounts held
in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting
agreement.

On November 28, 2023, the Company and the underwriter entered into
an agreement under which (i) the Sponsor will transfer 426,000 Class A ordinary shares held by the Sponsor to the underwriter upon the
closing of the Company’s initial business combination and (ii) the underwriter will waive the deferred underwriter fee payable and
any deferred underwriting commissions payable pursuant to the underwriter agreement dated April 22, 2021. For avoidance of doubt, the
agreement applies only if the initial Business Combination is consummated, and the transfer of shares is effective and completed. Except
as specifically amended in the agreement, all terms of the underwriting agreement dated April 22, 2021 shall remain in full force and
effect.

Financial Services Agreement

The Sponsor entered into a financial services agreement (the “Financial
Services Agreement”) with a service provider (the “Broker-Dealer”) for a period of twelve (12) months commencing October
13, 2022, to provide broker-dealer services. In accordance with the Financial Services Agreement, the Broker-Dealer will be paid a fee
in the form of 125,000 shares of common stock in the surviving entity of the proposed business combination with Fusemachines. Compensation
due to the Broker-Dealer is in