Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 342

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 342
---
 of shares of Fusemachines Pubco Common Stock to a                                                                                                          
 third-party vendor providing services to Fusemachines. Refer to Note 3(p) for the impact of this share-based payment award on the unaudited pro forma condensed combined balance sheet. This is a non-recurring 
 item.                                                                                                                                                                                                           |

| (j) | Notes 3(k) and 3(y) on the balance sheet reflect the conversion of all convertible notes held at fair value                                                                                                                                          
 into stock. As these balance sheet adjustments are assumed to have been made on January 1, 2024 for purposes of potentially making pro forma adjustments to the statement of operations, no adjustment to remeasure the notes to fair value has been 
 made on the pro forma statement of operations because the notes are deemed to no longer exist on January 1, 2024 as it is assumed they converted into stock on this date resulting in a $0 thousand adjustment within the Loss on change in          
 fair value of convertibles notes and warrant liability line item.                                                                                                                                                                                    |

| (k) | To reflect, in the Maximum Redemption Scenario, the reversal of the transaction completion bonus (Note      
 4(h)), which is not assumed to be paid under the Maximum Redemption Scenario. This is a non-recurring item. |

| (m) | Reflects the removal of CSLM’s covenant fee income and the associated provision for credit losses for                                                                                                                                                
 the covenant fee. The covenant fee income and associated provision for credit losses were removed because the Second Amendment to Merger Agreement removed the terms which required Fusemachines to pay CSLM monthly for the delayed delivery of its 
 audited financial statements to CSLM. Pursuant to ASC 610-20 and                                                                                                                                                                                     |

210

| Section 210.5-03 of Regulation S-X, CSLM initially recorded the income from these fees as Covenant fees within                                                                                                                               
 the Other income section of its historical statement of operations for the year ended December 31, 2024 as these fees were a contractual stipulation as part of the Merger Agreement rather than revenue from delivering or producing goods, 
 rendering services, or other activities that constitute an entity’s ongoing major or central operations.                                                                                                                                     |

| (n) | To reflect the elimination of historical interest expense on five Fusemachines convertible notes held at                                                                                                             
 amortized cost issued prior to March 31, 2025 of approximately $1 thousand, $2 thousand, $1 thousand, $1 thousand, and $1 thousand, respectively,