Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 2

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 2
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 stock, par value $0.0001 per share, of
Pubco (each a share of “Pubco Common Stock”), (ii) each then issued and outstanding CSLM Class B Ordinary Share shall convert automatically into a CSLM Class A Ordinary share, after which it would automatically convert, on
a one-for-one basis, into one Pubco Common Stock; (iii) each then issued and outstanding warrant of CSLM will become exercisable for one share of Pubco Common Stock (“Domesticated Pubco Warrant”), pursuant to the Warrant
Agreement, dated as of January 12, 2022, by and between CSLM and Continental Stock Transfer & Trust Company, as warrant agent, (iv) each then issued and outstanding Public Right shall convert automatically into one right to
acquire one-tenth (1/10) of one share of Pubco Common Stock upon the consummation of the Business Combination, pursuant to the terms of the Public Rights Agreement (“Domesticated Pubco Right”); and (v) each then issued and
outstanding unit of CSLM shall separate and convert automatically into one Pubco Common Stock, one right to acquire one-tenth of a Pubco Common Stock, and one-half of one Domesticated Pubco Warrant.

The CSLM Board has determined that Business Combination and the transactions
contemplated thereby are fair to and in the best interests of CSLM and its shareholders because they believe that Fusemachines is a company with strong revenue growth potential. In reaching its decision with respect to the Business Combination and
the transactions contemplated thereby, the board of directors of CSLM reviewed various industry and financial data and the due diligence and evaluation materials provided by Fusemachines, demonstrating that Fusemachines has a business plan dedicated
to both to near term cash flow as well as long term growth. See“The Business Combination Proposal — CSLM Board of Directors’ Reasons for the Approval of the Business Combination” on page 124.In addition, the CSLM Board
obtained a Fairness Opinion from Marshall Stevens which concluded that, as of the date of its opinion, as to the fairness to CSLM and, through their holdings of common stock in CSLM, to its non-controlling public common shareholders, from a
financial point of view, and based on and subject to the assumptions, qualifications and other matters set forth therein, the Aggregate Merger Consideration to be paid by CSLM in the Merger is fair to Public Shareholders unaffiliated with the