CSLM Acquisition Corp. Files Q2 2025 10-Q Report

TL;DR

CSLM ACQUISITION CORP. FILED ITS Q2 10-Q. CHECK FINANCIALS.

AI Summary

CSLM Acquisition Corp. filed its quarterly report on Form 10-Q for the period ended June 30, 2025. The company, formerly known as Consilium Acquisition Corp I, Ltd., is incorporated in the Cayman Islands and operates in the computer integrated systems design sector. The filing was made on August 14, 2025, with SEC file number 001-41219.

Why It Matters

This filing provides investors with an update on CSLM Acquisition Corp.'s financial performance and operational status for the second quarter of 2025.

Risk Assessment

Risk Level: low — This is a routine quarterly filing for a publicly traded company and does not inherently indicate significant new risks.

Key Numbers

• 20250630 — Period End Date (The report covers the quarterly period ending on this date.)
• 20250814 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• CSLM ACQUISITION CORP. (company) — Registrant
• June 30, 2025 (date) — Quarterly period end date
• August 14, 2025 (date) — Filing date
• Consilium Acquisition Corp I, Ltd. (company) — Former company name
• 001-41219 (company) — SEC file number

FAQ

Key Financial Figures

• $0.0001 — nc. Class A ordinary shares, par value $0.0001 per share CSLMF OTC Market Group Inc.
• $11.50 — ordinary share at an exercise price of $11.50 CSLWF OTC Market Group Inc. Rights to
• $5,862,708 — as of August 11, 2025 was approximately $5,862,708. As of August 8, 2025, there were 5,645

Filing Documents

• ea0251900-10q_cslmacq.htm (10-Q) — 612KB
• ea025190001ex31-1_cslmacq.htm (EX-31.1) — 11KB
• ea025190001ex32-1_cslmacq.htm (EX-32.1) — 4KB
• 0001213900-25-076682.txt ( ) — 4688KB
• cslwf-20250630.xsd (EX-101.SCH) — 50KB
• cslwf-20250630_cal.xml (EX-101.CAL) — 29KB
• cslwf-20250630_def.xml (EX-101.DEF) — 259KB
• cslwf-20250630_lab.xml (EX-101.LAB) — 415KB
• cslwf-20250630_pre.xml (EX-101.PRE) — 257KB
• ea0251900-10q_cslmacq_htm.xml (XML) — 519KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION 1 Item 1. Interim Financial Statements 1 Condensed Consolidated Balance Sheets as of June 30, 2025 (unaudited) and December 31, 2024 1 Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2025 and 2024 (unaudited) 2 Condensed Consolidated Statements of Changes in Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit for the three and six months ended June 30, 2025 and 2024 (unaudited) 3 Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 2024 (unaudited) 4 Notes to Condensed Consolidated Financial Statements (Unaudited) 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 26 Item 4.

Controls and Procedures

Controls and Procedures 26

— OTHER INFORMATION

PART II — OTHER INFORMATION 27 Item 1.

Legal Proceedings

Legal Proceedings 27 Item 1A.

Risk Factors

Risk Factors 27 Item 2. Unregistered Sales of Equity Securities and Use Of Proceeds 27 Item 3. Defaults Upon Senior Securities 27 Item 4. Mine Safety Disclosures 27 Item 5. Other Information 27 Item 6. Exhibits 28

— FINANCIAL

PART I — FINANCIAL INFORMATION Item1. Interim

Financial Statements

Financial Statements CSLM ACQUISITION CORP. CONDENSED CONSOLIDATED BALANCE SHEETS June 30, 2025 (unaudited) December 31, 2024 Assets: Current assets: Cash $ 14,041 $ 83,227 Prepaid expenses 48,967 6,670 Due from related party 32,546 31,849 Other receivable, net of reserve for credit losses of $ 0 and $ 505,000 as of June 30, 2025 and December 31, 2024, respectively — — Marketable securities held in trust account 16,572,304 16,053,202 Total current assets 16,667,858 16,174,948 Total Assets $ 16,667,858 $ 16,174,948 Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit Current liabilities: Accounts payable $ 290,372 $ 330,180 Accrued expenses 1,200,779 968,615 Promissory note – related party 3,363,000 2,750,000 Accrued interest – related party 200,109 129,630 Deferred underwriting commissions 6,641,250 6,641,250 Total current liabilities 11,695,510 10,819,675 Total Liabilities 11,695,510 10,819,675 Commitments and Contingencies (Note 7) Class A ordinary shares, $ 0.0001 par value; 500,000,000 shares authorized, 1,372,687 shares subject to redemption as of June 30, 2025 and December 31, 2024 16,572,304 16,053,202 Shareholders' Deficit: Preference shares, $ 0.0001 par value; 5,000,000 shares authorized; none issued and outstanding — — Class A ordinary shares, $ 0.0001 par value; 500,000,000 shares authorized; 4,743,749 issued and outstanding, excluding 1,372,687 subject to possible redemption as of June 30, 2025 and December 31, 2024 474 474 Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares authorized; 1 share issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 0 0 Additional paid-in capital 1,442,020 — Accumulated deficit ( 13,042,450 ) ( 10,698,403 ) Total Shareholders' Deficit ( 11,599,956 ) ( 10,697,929 ) Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and

Financial Statements do not include any adjustments that might result from the outcome of this uncertainty

Financial Statements do not include any adjustments that might result from the outcome of this uncertainty. Going Concern Consideration As of June 30, 2025 and December 31, 2024, the Company had $ 14,041 and $ 83,227 in cash, respectively, and a working capital deficit of $ 4,958,706 and $ 4,056,679 , respectively, excluding Marketing Securities held in the Trust Account and the Deferred Underwriter Fee liability. The Company's liquidity needs through June 30, 2025 had been satisfied through a payment from the Sponsor of $ 25,000 for Class B ordinary shares, par value $ 0.0001 per share ("Class B ordinary shares" and shares thereof, "founder shares"), the Initial Public Offering and the sale of the private placement warrants (see Note 3 and Note 4). Additionally, the Company drew on an unsecured promissory note to pay certain offering costs and an unsecured promissory note bearing interest at 4.75 % per annum for working capital needs. The Company has incurred and expects to continue to incur significant costs in pursuit of its financing and acquisition plans. These conditions raise substantial doubt about the Company's ability to continue as a going concern for a period within one year after the date that the Financial Statements are issued. Management plans to address this uncertainty through related party loans from the Sponsor, an affiliate of the Sponsor, or certain of the Company's officers and directors or their affiliates ("Working Capital Loans") (see Note 5) and effecting a Business Combination. However, there is no assurance that the Company's plans to raise capital or to consummate a Business Combination will be successful or successful within the Combination Period. The Financial Statements do not include any adjustments that might result from the outcome of this uncertainty. NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying Financial Statements have been prepared in accordance

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