SCHEDULE 13G/A: First Trust Entities Report Beneficial Ownership in CSLM Acquisition Corp. Class A Shares

First Trust Merger Arbitrage Fund and affiliated entities, First Trust Capital Management L.P., First Trust Capital Solutions L.P., and FTCS Sub GP LLC, have filed an amended Schedule 13G reporting their beneficial ownership in CSLM Acquisition Corp.'s Class A Ordinary Shares as of December 31, 2024.

Summary

• First Trust Merger Arbitrage Fund (VARBX) beneficially owns 91,441 Class A Ordinary Shares of CSLM Acquisition Corp., representing 1.5% of the class.
• First Trust Capital Management L.P. (FTCM), First Trust Capital Solutions L.P. (FTCS), and FTCS Sub GP LLC (Sub GP) collectively beneficially own 100,100 Class A Ordinary Shares, representing 1.64% of the class.
• FTCM acts as an investment adviser to client accounts, holding shares on their behalf.
• FTCS and Sub GP are deemed to control FTCM and are thus considered beneficial owners of the shares reported by FTCM, though they do not hold shares for their own accounts.
• All reporting persons are based in Delaware, USA, with principal business addresses in Chicago, IL, and Milwaukee, WI.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of CSLM Acquisition Corp.

Sentiment

Score: 5

Explanation: The document is a factual report of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership by institutional investors, common in the financial industry. It reflects a passive investment stake by First Trust entities in a Special Purpose Acquisition Company (SPAC), CSLM Acquisition Corp., which is typical for funds specializing in merger arbitrage or similar strategies.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership stakes, which can influence market perception and liquidity, though the reported percentages are below the 5% threshold for active reporting.

Key Dates

Keywords

CSLM Acquisition Corp, Schedule 13G, Beneficial Ownership, First Trust Merger Arbitrage Fund, First Trust Capital Management, Class A Ordinary Shares, SEC Filing, Investment Fund, Passive Investment