Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 117

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 117
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 Fusemachines under the guideline public company method was estimated to be between approximately $144,601,000 and $215,101,000. Reconciled Conclusion of Value Marshall & Stevens considered the discounted cash flow method the guideline public company method and guideline transactions method. A 50% weighting was placed on the discounted cash flow method given the detailed forecast provided by Fusemachines management. A 25% weighting was placed on the guideline public company method given the current market information and relevancy of the guideline companies. A 25% weighting was placed on the guideline transactions method given the current market information and relevancy of the guideline transactions. The indication of value under the Sensitivity Scenario was used for sensitivity testing only and was assigned no weight in the final value conclusion. Giving the weighing discussed above, Marshall & Stevens concluded a final equity value range of approximately $149,200,000 to $199,500,000. This compares against the Base Purchase Price noted in the BCA of $196,100,000 and the calculated purchase price using the ABV method of $119,410,000. 57

The full text of Marshall & Stevens’ written opinion, dated December 23, 2023, which sets forth the procedures followed, assumptions made, matters considered, qualifications and limitations on the review undertaken, and other matters considered by Marshall & Stevens in connection with the opinion, is attached to this proxy statement/prospectus asAnnex H. The summary of Marshall & Stevens’ opinion in this proxy statement/prospectus is qualified in its entirety by reference to the full text of Marshall & Stevens’ written opinion. Marshall & Stevens’ opinion was provided for the information and assistance of the CSLM Board and does not constitute a recommendation as to how any shareholder of CSLM should vote or act (including with respect to any Redemption Rights) with respect to the Business Combination or any other matter.

Recommendation to Shareholders of CSLM

The CSLM Board believes that the Business Combination Proposal and the other proposals to be presented at the extraordinary general meeting are
in the best interests of CSLM and CSLM’s shareholders and unanimously recommends that its shareholders vote “FOR” the approval of the Business Combination Proposal, “FOR” the approval of the Domestication Merger Proposal,
“FOR” the approval of the Stock Issuance Proposal, “FOR” the approval of the Organizational Document Proposal, “FOR” the approval, on an advisory basis, of each of the separate Advisory Organizational Documents
Proposals, “FOR”