Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 573

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 573
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observable inputs reflecting management’s view about the assumptions that market participants would use in pricing
the asset or liability.

Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input
that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires management to make judgments and consider factors specific to the asset
or liability.

F-67

Financial Instruments Not Recorded at Fair Value The carrying values of the Company’s accounts receivable, unbilled revenue, prepaid expenses and other current assets, other assets, accounts payable, deferred transaction costs, accrued expenses and other current liabilities and cumulative mandatorily redeemable common and preferred stock liability approximate their fair values based on the instruments’ relative short-term nature. As of December 31, 2024 and December 31, 2023, the estimated fair values of our convertible notes payable, current and related party loan payable, current approximated their carrying values due to their relatively short maturities. Financial Instruments Recorded at Fair Value The following tables present the Company’s fair value hierarchy for its financial liabilities that are measured at fair value on a recurring basis and indicate the level within the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value (in thousands):

|                                                        |         | Fair Value Measurements at 
 December 31, 2024          |   |     |         |     |   |     |         |     |        |     |       |     |        |
|:-------------------------------------------------------|:--------|:---------------------------|:--|:----|:--------|:----|:--|:----|:--------|:----|-------:|:----|:------|:----|-------:|
|                                                        | Level 1 |                            |   |     | Level 2 |     |   |     | Level 3 |     |        |     | Total |     |        |
| Liabilities:                                           |         |                            |   |     |         |     |   |     |         |     |        |     |       |     |        |
| Related party convertible notes payable, at fair value |         |                            |   |     |         |     |   |     |         |     |  6,524 |     |       |     |  6,524 |
| Convertible Notes payable at Fair Value                |         |                            | — |     |         |     | — |     |