Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 130

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 130
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 in releasing to the market our new offerings or enhancements to our existing offerings; |

| • |     | introduction or anticipated introduction of competing platforms or functionalities by our competitors; |

| • |     | inability of our platforms or product enhancements to scale and perform to meet customer demands; |

| • |     | receiving qualified or adverse opinions in connection with security or penetration testing, certifications or 
 audits, such as those related to IT controls and security standards and frameworks or compliance;             |

| • |     | poor business conditions for our customers, causing them to delay software purchases; |

| • |     | reluctance of customers to purchase proprietary software products; |

| • |     | reluctance of our customers to purchase products hosted by our vendors and/or service interruption from such 
 providers; and                                                                                               |

| • |     | reluctance of customers to purchase products incorporating open source software. |

If we are not able to continue to identify challenges faced by our customers and develop, license, or acquire new features and capabilities to our platforms in a timely and cost-effective manner, or if such enhancements do not achieve market acceptance, our business, financial condition, results of operations, and prospects may suffer and our anticipated revenue growth may not be achieved. Because we derive, and expect to continue to derive, substantially all of our revenue from customers purchasing our platforms and products, market acceptance of these platforms and products, and any enhancements or changes thereto, is critical to our success. Fusemachines’ ability to sell its products and satisfy its customers is dependent on the quality of Fusemachines’ services, and its failure to offer high quality services could have a material adverse effect on its sales and results of operations. Once Fusemachines’ platforms are deployed and integrated with our customers’ existing information technology investments and data, our customers will depend on our support and maintenance services to resolve any issues 68

relating to our platforms. In the future, our platforms may be deployed in large-scale, complex technology environments, and we believe our future success will depend on our ability to increase
sales of our platforms for use in such deployments. Further, our ability to provide effective ongoing services, or to provide such services in a timely, efficient, or scalable manner, may depend in part on our customers’ environments and their
upgrading to the latest versions of our platforms and participating in our centralized platform management and services.

In addition, our
ability to provide effective services is largely dependent on our ability to attract, train, and retain qualified personnel with experience in supporting customers