Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 333

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 333
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 (“AICPA”) Accounting and Valuation Guide which are generally recognized as reliable provisions for a valuation methodology.

| (h) | To reflect the BTIG waiver (waiver in connection with Share Transfer Agreement described in Introduction 
 above) of the deferred underwriting fee payable on the Closing Date.                                     |

| (i) | To reflect the payment of total preliminary estimated transaction costs of CSLM of $1.7 million, which                                                                                                                                             
 includes the payment of $0.3 million of transaction costs that were incurred prior to March 31, 2025 and that were recorded as accounts payable and accrued expenses and other current liabilities in the historical CSLM financial statements, as 
 well as payment of $1.4 million of transaction costs that are anticipated to be incurred subsequent to March 31, 2025 but prior to the estimated Closing Date.                                                                                     |

| (j) | To reflect the conversion of 9,043,234 shares of Fusemachines Preferred Stock into an equivalent number of                                                                                                                                       
 shares of Fusemachines Common Stock immediately prior to the Closing Date pursuant to the terms of the Fusemachines certificate of incorporation. The conversion of the shares resulted in a $0 thousand adjustment within the Fusemachines Inc. 
 Common Stock, par value $0.00001 line item due to the effect of rounding as the adjustment to record the shares at par value was less than $1 thousand.                                                                                          |

| (k) | To reflect, in the No Additional Redemption Scenario, the settlements on the estimated Closing Date of 1)                                      
 the Fusemachines convertible notes issued in October 2019 and September 2021 and 2) the Fusemachines convertible notes issued in January 2024. |

| 1) | The October 2019 and September 2021 convertible notes are settled through a partial repayment in cash as                                                                                                                                             
 well as an issuance of shares of Fusemachines Common Stock. Immediately prior to their settlement, these convertible notes (which are carried at fair value) have an aggregate carrying value of $6.9 million. This adjustment in Note 3(k) reflects 
 the removal of this carrying value of $6.9 million, the payment of $1.9 million of cash, an increase to Fusemachines common stock of less than $1 thousand, and an increase to Additional paid in capital of $5.0 million.                           |

| 2) | The January 2024 convertible notes are settled through an issuance of shares of Fusemach