Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 406

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 406
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 |      (1.45 | ) |     |    $ |     (0.73 | ) |     | $         |     (0.72 | ) |     |            |   98 | %  |
| Weighted-average common shares outstanding - basic and diluted          |     |      | 10,574,934 |   |     |      | 9,220,534 |   |     |           | 1,354,400 |   |     |            |   15 | %  |

258

| (1) | Includes stock-based compensation expense as follows: |

|                                        |     | Year ended December 31, |  2024 |     |   |  2023 |
|:---------------------------------------|:----|:------------------------|------:|:----|:--|------:|
| General and administrative             |     | $                       |   723 |     | $ | 1,972 |
| Cost of revenue                        |     |                         |    44 |     |   |    86 |
| Selling and marketing                  |     |                         |   170 |     |   |    69 |
| Research and development               |     |                         |   130 |     |   |    27 |
| Total stock-based compensation expense |     | $                       | 1,067 |     | $ | 2,154 |

Revenue –We derive the majority of our revenue by helping clients build AI solutions. We help clients build AI Solutions by providing our suite of products and services that solve their business problems. Clients may buy our products, services or combination of both products and services. Clients may buy AI Studio and AI Engines and may ask us to help them tune the model which will be part of the services. Clients may just buy AI Studio and not ask for any of our services. Clients may just also buy the services to set up a team and build a bespoke AI solution. The Company’s contracts for AI Solutions have different terms based on the scope and complexity of engagements; mix of products and services. Pricing for the majority of contracts are invoiced monthly on a time-and-materialsbasis, while some contracts have a fixed-feeor a milestone-based fee. Some contracts which are solely for AI Studio or AI Engines have a licensing fee-basedinvoices. The value derived from the services correspond to the labor hours expended, thus we measure the progress and recognizes revenue using an effort- based input method. We provide services to customers worldwide,