Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 634

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 634
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 fair value approximated the principal amount. Subsequent measurement of fair value of the Convertible Notes at Fair Value as of March 31, 2025, and December 31, 2024 was estimated based on significant inputs not observable in the market, which represents a Level 3 measurement within the fair value hierarchy. The Company used a scenario-based analysis to incorporate estimates and assumptions concerning the Company’s prospects and market indications into a model to estimate the value of the Convertible Notes at Fair Value. The most significant estimates and assumptions used as inputs are those concerning timing, probability of possible scenarios for conversion or settlement of the Convertible Notes at Fair Value. The Convertible Notes at Fair Value are classified as Level 3 as there were no quotable prices for identical assets or quoted prices for similar. The following tables set forth the significant inputs to the probability-weighted valuation model used to value the Convertible Notes at Fair Value as of March 31, 2025: 2019 and 2021 Convertible Notes

| Type of Events   |     | Expected 
 Date     |           |     | Probability 
 of Event    |    |   |     | Discount 
 Rate     |    |   |
| SPAC Transaction |     |          | 5/31/2025 |     |             | 75 | % |     |          | 56 | % |
| Maturity         |     |          | 2/28/2026 |     |             | 10 | % |     |          | 56 | % |
| Default Feature  |     |          | N/A       |     |             | 15 | % |     |          | 56 | % |

F-116

January 2024 Convertible Notes

| Type of Events   |     | Expected 
 Date     |           |     | Probability 
 of Event    |    |   |     | Discount 
 Rate     |    |   |
| SPAC Transaction |     |          | 5/31/2025 |     |             | 75 | % |     |          | 48 | % |
| Maturity         |     |          | 7/12/2025 |     |             | 10 | % |     |          | 48 | % |
| Default Feature  |     |          | 7/12/2025 |     |             | 15 | % |     |          | 48 | % |

The following table sets forth the significant inputs to the probability