Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 99

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 99
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 Common Stock arising from the exchange of shares of Fusemachines Common Stock                                                                                                                                 
 and Fusemachines preferred stock immediately prior to Closing. The shares of Fusemachines Common Stock are inclusive of shares to be issued as a result of conversion of certain outstanding Fusemachines convertible notes whereby all such 
 aforementioned Fusemachines Common Stock is subsequently and immediately exchanged for Fusemachines Pubco Common Stock immediately prior to the Closing.                                                                                     |

45

Dilutive Instruments The table below shows possible sources of dilution and the extent of such dilution that non-redeeming public stockholders could experience in connection with the closing of the Business Combination. In an effort to illustrate the extent of such dilution, the table below assumes the exercise of all Public Warrants and Private Placement Warrants, which are exercisable for one share of common stock at a price of $11.50 per share and Fusemachines Options that will be assumed by Pubco in the Proposed Transaction.

|                                        |     | Assuming    
 No          
 Additional  
 Redemptions 
 Into Cash   |            |    |     |            |     |   |     | Assuming    
 25%         
 Redemptions 
 Into Cash   |            |    |     |            |     |   |     | Assuming    
 50%         
 Redemptions 
 Into Cash   |            |       |     |            |     |   |     | Assuming    
 75%         
 Redemptions 
 Into Cash   |            |       |     |            |     |   |     | Assuming    
 Maximum     
 Redemptions 
 Into Cash   |            |       |     |            |     |   |
|                                        |     | Shares      |            |    |     | Percentage |     |   |     | Shares      |            |    |     | Percentage |     |   |     | Shares      |            |       |     | Percentage |     |   |     | Shares      |            |       |     | Percentage |     |   |     | Shares      |            |       |     | Percentage |     |   |
| CSLM Public Stockholders(1)            |     |             | 12,757,687 |    |     |            |  30 | % |     |             | 12,414,515 |    |     |            |  29 | % |     |             | 12,071,343 |       |     |            |  29 | % |     |             | 11,728