Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 338

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 338
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| Compensation expense from transfers and sales of shares from the Sponsor to third-party vendors of 
 CSLM, see 3(e)                                                                                     |     |   |  1,961 |   |
| Estimated transaction costs of CSLM through the estimated Closing Date, see 3(i)                   |     |   |  1,351 |   |
| Total adjustment to derecognize CSLM’s accumulated deficit                                         |     | $ | 16,021 |   |

| (x) | To reflect, in the Maximum Redemption Scenario, the $2.3 million 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(y) 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 $8.2 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 Maximum 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 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. This Note 3(x) also reflects, in the Maximum Redemption Scenario, the reversal of the $1.0 million remeasurement to fair value of the October 2019 and September 2021 Fusemachines convertible notes from March 31, 2025 through the Closing Date under the No Additional Redemption Scenario (see Note 3(t)). For the adjustments under the No Additional Redemption Scenario related to the Fusemachines convertible notes issued in October 2019 and September 2021, refer to Note 3(t) for the remeasurement from March 31, 2025 to the estimated Closing Date, and refer to Note 3(k) for the adjustment to reflect the settlement of the