Wed, May 15, 8:15 PM (253 days ago)
CSLM Acquisition Corp. is a blank check company incorporated in the Cayman Islands, aiming to effectuate a business combination. For the quarter ended March 31, 2024, the company reported a net income of $148,092, primarily driven by $679,342 in dividends from marketable securities held in a Trust Account, offset by $566,250 in operating expenses. The company's assets totaled $53,097,205, with $52,866,260 held in marketable securities. Current liabilities amounted to $9,259,932, including accrued expenses and a promissory note. The company has a working capital deficit of $2,387,737, raising substantial doubt about its ability to continue as a going concern. Management plans to address this through related party loans and completing a business combination. The company has extended its deadline to complete a business combination to May 18, 2024, by depositing $70,000 into the Trust Account. The company is also subject to various economic uncertainties that could impact its operations.