Financial Performance - As of June 30, 2023, the company reported a net income of $2,093,294 for the three months ended June 30, 2023, primarily from realized gains and dividends on marketable securities [100]. - For the six months ended June 30, 2023, the company achieved a net income of $3,711,924, with realized gains totaling $4,424,169 [101]. - The company incurred significant legal and accounting expenses totaling $326,532 for the six months ended June 30, 2023 [101]. Cash and Working Capital - The company had cash of $173,914 and a working capital deficit of $(560,294) as of June 30, 2023 [103]. - The company has no long-term debt or capital lease obligations as of June 30, 2023 [107]. Initial Public Offering (IPO) - The company completed its Initial Public Offering on January 18, 2022, raising gross proceeds of $189,750,000 from the sale of 18,975,000 units [94]. - A total of $191,647,500 from the IPO proceeds was placed in a U.S.-based trust account, with specific conditions for release [97]. - The underwriter of the IPO is entitled to a deferred fee of $6,641,250, payable only upon the completion of a business combination [107]. Business Combination and Future Plans - The company has extended the time to complete a business combination until October 18, 2024, requiring a deposit of $70,000 for each of the additional extension periods [98]. - The company is currently evaluating various factors that could impact its ability to continue as a going concern within one year from the issuance of its financial statements [105].
CSLM Acquisition Corp.(CSLMU) - 2023 Q2 - Quarterly Report