Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 418

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 418
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. Net cash provided by financing activities for the quarter ended March 31, 2024, was $1.46 million and consisted of proceeds from i) proceeds from notes payable of $6.5 million; (ii) payments of notes payable of $3 million; (iv) debt Extinguishment cost paid of $0.05 million; (iv) common stock repurchase of $2 million and (v) exercise of stock options of $0.01 million. Year End Period Cash Flows The following table summarizes our cash flows for the periods presented

| (In thousands)                          |     | Year Ended   
 December 31, 
 2024         |        |   |     | 2023 |        |   |
|:----------------------------------------|:----|:-------------|-------:|:--|:----|:-----|-------:|:--|
| Net cash provided by (used in):         |     |              |        |   |     |      |        |   |
| Operating activities                    |     | $            | (2,201 | ) |     | $    | (2,474 | ) |
| Investing activities                    |     |              |   (176 | ) |     |      |   (294 | ) |
| Financing activities                    |     |              |  2,612 |   |     |      |  2,138 |   |
| Effect of exchange rate changes on cash |     |              |     (1 | ) |     |      |     (7 | ) |
| Net increase (decrease) in cash         |     | $            |    234 |   |     | $    |   (637 | ) |

Operating Activities Net cash used in operating activities during the year ended December 31, 2024, decreased by $0.3 million, to $2.2 million from $2.5 million in the same period 2023. The decrease in operating cashflow is largely on account 266

of the increase in net loss to $15.4 million in 2024 from $6.8 million in 2023 was primarily attributable to the change in fair value of convertible notes and increased payroll and
consulting costs due to headcount growth to grow our customer base and support our business operations. The $2.2 million net cash used in operating activities in 2024 was primarily related to (i) a net loss of $15.4 million, offset
by