Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 336

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 336
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 these convertible notes (which are held at amortized cost) have a carrying value of $0.1 million, $0.1 million, $0.1 million, $0.1 million, $0.2 million, and $2.2 million, respectively. This adjustment in Note 3(s) reflects the removal of this aggregate carrying value of $2.8 million, an increase to Fusemachines Inc. Common Stock, par value $0.00001, of less than $1 thousand, and an increase to Additional paid in capital of $2.8 million.

| (t) | To reflect, in the No Additional Redemption Scenario, the remeasurement of the Fusemachines convertible                                                                                                                                          
 notes issued in October 2019 and September 2021 from March 31, 2025 to their estimated fair value at the estimated Closing Date immediately prior to their settlement on the Closing Date (refer to Note 3(k) for an adjustment reflecting the   
 settlement of the convertible notes on the estimated Closing Date). The fair value of the convertible notes as of the Closing Date of $6.9 million is based on the number of shares of Fusemachines Common Stock that the convertible notes will 
 convert into after the partial cash repayment in the No Additional Redemption Scenario.                                                                                                                                                          |

The fair value per share of Fusemachines Common Stock used to remeasure the October 2019 and September 2021 notes to fair value on the estimated Closing Date was $6.68. This value has been determined based on an income approach and a market approach in accordance with Internal Revenue Service Ruling 59-60for compliance with Internal Revenue Code Section 409A. This combination of the 206

income and market approach is consistent with the provisions of the American Institute of Certified Public Accountants (“AICPA”) Accounting and Valuation Guide which are generally recognized as reliable provisions for a valuation methodology. For the adjustments under the Maximum Redemption Scenario related to the Fusemachines convertible notes issued in October 2019 and September 2021, refer to Note 3(x) for the remeasurement from March 31, 2025 to the estimated Closing Date, and refer to Note 3(y) for the adjustment to reflect the settlement of the convertible notes on the estimated Closing Date.

| (u) | To reflect the forfeiture of warrants by the Sponsor (with no consideration to Sponsor) pursuant to the                                                                                                                                                                                                                                                                                                                                                            
 terms of the Sponsor Support Agreement. The terms specify that the forfeited warrants