Company: CSLMF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076682
Chunk: 77

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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545 Class A shares
were tendered for redemption. Shareholders validly redeemed their Class A ordinary shares for $4,492,794, or approximately $12.10 per
Class A ordinary share (see Note 10). 

On July 28, 2025, the Company held a meeting (the “Approval Meeting”) to approve the Business Combination. At the Meeting,
5,186,264 or 84.79% of such Shares were represented in person or by proxy, and the Business Combination was approved. In connection with
the Approval Meeting, 99,187 Class A ordinary shares were tendered for redemption. Shareholders validly redeemed their Class A ordinary
shares for $1,196,195, or approximately $12.06 per Class A ordinary share. As a result, 901,955 Class A ordinary shares subject to redemption
remained outstanding (see Note 10).

Merger Agreement

On January 22, 2024, the Company entered into a Merger Agreement, by
and among the Company, CSLM Merger Sub Inc. (“Merger Sub”), and Fusemachines Inc., a Delaware corporation (“Fusemachines”)
(as it may be amended and/or restated from time to time, the “Merger Agreement”). The Merger Agreement provides that, among
other things and upon the terms and subject to the conditions thereof, Merger Sub will merge with and into Fusemachines, after which Fusemachines
will be the surviving corporation and a wholly owned subsidiary of the Company.

On August 27, 2024, the Company entered into an amendment to the Merger
Agreement (the “Merger Agreement Amendment”) whereby the Company will continue out of the Cayman Islands and into the State
of Delaware to re-domicile and become a newly formed Delaware corporation by means of a merger with the Company, pursuant to the Cayman
Islands Companies law and the applicable provisions of the Delaware General Corporation Law, with such newly formed Delaware corporation
becoming the surviving corporation in the merger. In addition the Merger Agreement Amendment includes a provision that increases the amount
the Company may borrow from the Sponsor from $2,000,000 to $2,750,000.

On February 4, 2025, the Company issued a third amended and restated
promissory note (the “3rd A&R WC Promissory Note”) pursuant to which the Company may borrow up to an aggregate principal
amount of $3