8-K
filed July 17, 2023, 7:59 PM ET
CIK 0001875493
other
confidence high
sentiment neutral
materiality 0.70
Shareholders approve 15-month extension to Oct 2024 and rename to CSLM Acquisition Corp; 14.2M shares redeemed
CSLM ACQUISITION CORP.
- Special meeting July 13 approved name change to CSLM Acquisition Corp (18.8M for, 295k against) and extension to Oct 2024 (17.2M for, 1.9M against).
- 14,202,813 Class A shares tendered for redemption in June 29 vote, leaving 4,772,187 Class A shares before conversion.
- Company deposited $70,000 into trust for first monthly extension after meeting.
- Sponsor converted 4.74M Class B shares to Class A; now holds ~49.9% of 9,515,936 outstanding Class A shares.
- Trust agreement amended to allow liquidation only after Oct 18, 2024 or earlier upon business combination.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
CSLM ACQUISITION CORP.: Shareholders approved an amendment to extend the business combination deadline to October 18, 2024 via a series of monthly extensions (effective 2024-10-18).
- Change
- charter amendment
- Effective
- 2024-10-18
Exact text from the filing
(b) as a special resolution, to provide the Company the right to extend the date by which it has to complete a business combination for a series of fifteen (15) one (1) month periods to October 18, 2024
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
CSLM ACQUISITION CORP.: Shareholders approved a name change from Consilium Acquisition Corp I, Ltd. to CSLM Acquisition Corp.
- Change
- charter amendment
Exact text from the filing
(a) as a special resolution, to change the name of the Company from Consilium Acquisition Corp I, Ltd. to CSLM Acquisition Corp.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CSLM ACQUISITION CORP. amended Investment Management Trust Agreement with Continental Stock Transfer & Trust Company valued at Amendment to extend the time to complete a business combination by fifteen additional one-month peri (effective 2023-07-13).
- Action
- amendment
- Counterparty
- Continental Stock Transfer & Trust Company
- Value
- Amendment to extend the time to complete a business combination by fifteen additional one-month peri
- Effective
- 2023-07-13
Exact text from the filing
On July 13, 2023 as approved by its shareholders at an extraordinary general meeting held on July 13, 2023 (the “ Special Meeting ”), CONSILIUM ACQUISITION CORP I, LTD (the “ Company ”), and its trustee, Continental Stock Transfer & Trust Company amended (the “ Amendment ”) the Investment Management Trust Agreement, dated as of January 12, 2022 (the “ Trust Agreement ”), by and between the Company and Continental Stock Transfer & Trust Company (the “ Trustee ”) and the Company, in order to allow the Company to extend the time to complete a business combination by fifteen (15) additional one (1) month periods until, October 18, 2024 (the “ Termination Date ”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
CSLM ACQUISITION CORP. shareholders approved Amend the Company's Articles of Association to extend the date to complete a business combination for fifteen one-month periods. at the 2023-07-13 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-07-13
Exact text from the filing
2. Extension Amendment Proposal Shareholders approved the proposal to amend the Company’s Articles of Association as a special resolution, giving the Company the right to extend the date by which it has to complete a business combination for a series of fifteen (15) one (1) month periods up to October 18, 2024. Approval of the Extension Amendment Proposal required a special resolution under Cayman Islands law, being a resolution passed by a majority of not less than two-thirds (2/3) of such holders of the issued and outstanding Ordinary Shares voted in person or by proxy at the Extraordinary General Meeting or any adjournment thereof. The Extension Amendment Proposal received the following votes: FOR AGAINST ABSTAIN BROKER NON-VOTES 17,196,959 1,915,447 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
CSLM ACQUISITION CORP. shareholders approved Amend the Trust Agreement to allow extension of time to complete a business combination for fifteen one-month periods. at the 2023-07-13 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-07-13
Exact text from the filing
3. Trust Amendment Proposal Shareholders approved the proposal to amend the Trust Agreement, as a special resolution, to allow the Company to extend the time to complete a business combination for a series of fifteen (15) one (1) month periods up to October 18, 2024. Approval of the Trust Agreement Amendment Proposal required a special resolution under Cayman Islands law, a majority of not less than two-thirds (2/3) of such holders of the issued and outstanding Ordinary Shares voted in person or by proxy at the Extraordinary General Meeting or any adjournment thereof. The Trust Amendment Proposal received the following votes: FOR AGAINST ABSTAIN BROKER NON-VOTES 17,196,959 1,915,447 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
CSLM ACQUISITION CORP. shareholders approved Amend the Company's amended and restated memorandum and articles of association to change the name to CSLM Acquisition Corp. at the 2023-07-13 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-07-13
Exact text from the filing
1. Name Change Proposal Shareholders approved the proposal to amend the Company’s amended and restated memorandum and articles of association adopted by special resolution dated January 5, 2022, to change the name of the Company from Consilium Acquisition Corp I, Ltd. to CSLM Acquisition Corp. Approval of the Name Change Proposal required a special resolution under Cayman Islands law, being a resolution passed by a majority of not less than two-thirds (2/3) of such holders of the issued and outstanding Ordinary Shares voted in person or by proxy at the Extraordinary General Meeting or any adjournment thereof. The Name Change Proposal received the following votes: FOR AGAINST ABSTAIN BROKER NON-VOTES 18,817,198 295,208 0 0
View on SEC.gov
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