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CSLM Acquisition Corp. (OTC:CSLMF) announced Thursday that its shareholders approved amendments to the company’s Articles of Association and Trust Agreement, allowing the company to extend the deadline to complete a business combination until October 18, 2025.
At the extraordinary meeting held Monday, shareholders voted in favor of the proposals, with 5,186,267 shares, or 84.79% of outstanding shares, represented in person or by proxy. Both the extension amendment and trust amendment proposals received unanimous support from the shares voted, with no votes cast against or abstaining.
The approved amendments enable CSLM Acquisition Corp. to extend the deadline on a semi-monthly basis by depositing the lesser of $0.02 per non-redeemed Class A ordinary share or $15,000 into the company’s trust account for each half-month extension. Following the meeting, 371,545 Class A shares were tendered for redemption, resulting in approximately $4.49 million being withdrawn from the trust account to pay redeeming shareholders. After these redemptions, about $12.1 million remains in the trust account.
On Thursday, the company deposited $15,000 into the trust account, extending the period to complete a business combination to August 3, 2025. CSLM Acquisition Corp. can continue to extend this period on a semi-monthly basis until the new deadline of October 18, 2025, by making additional deposits as required.
The information in this article is based on a statement from the company’s Form 8-K filing with the Securities and Exchange Commission.
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