Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 337

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 337
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 will be immediately cancelled upon the Closing Date. The adjustment consists solely of an increase and decrease to additional                                                                                                                                                                                                                                                
 paid-in capital for the historical carrying amount of the warrants. Additional paid-in capital is decreased as the forfeiture was deemed to be specific and incremental                                                                                                                                                                                                                                                                                            
 to the offering of securities that will be issued upon the Closing Date as the forfeiture was entered into to remove a source of potential dilution to induce parties to the Merger Agreement to consummate the Business Combination. Additional paid-in capital is increased because the forfeiture represents a termination of equity-classified contracts, the contracts being the warrants, and the offsetting entry for a termination of an equity-classified 
 contract is to additional paid- in capital. The net amount of the adjustment to Additional paid-in capital is $0 thousand.                                                                                                                                                                                                                                                                                                                                         |

| (v) | To reflect, in the Maximum Redemption Scenario, the assumption that CSLM Public Stockholders exercise their                                                                                                                                        
 redemption rights with respect to a maximum of 1,372,687 CSLM Class A Ordinary Shares subject to possible redemption prior to the consummation of the Business Combination at a redemption price of $12.07 per share, or $16.6 million in cash.    
 This adjustment resulted in a $0 thousand adjustment, as presented, to the Fusemachines Pubco Common Stock, par value $0.0001 line item, due to the effect of rounding, as the adjustment to reflect the decrease in the par value of Fusemachines 
 Pubco Common Stock resulting from the shares being redeemed for cash in the Maximum Redemption Scenario is less than $1 thousand.                                                                                                                  |

| (w) | To reflect, in the Maximum Redemption Scenario, the reversal of the recapitalization adjustment and the                                                                                                                                                   
 issuance of 18,247,899 shares of Fusemachines Pubco Common Stock described in Note 3(q) in the No Additional Redemption Scenario and to reflect the recapitalization of Fusemachines through the contribution of 28,000,368 shares of Fusemachines Common 
 Stock and the issuance of 18,272,993 shares of Fusemachines Pubco Common Stock, reflecting the Conversion Ratio of 0.6526, and to reflect the derecognition of the accumulated deficit of CSLM which is reversed to additional paid-in capital.           |

Notwithstanding the legal form, the Business Combination will be accounted for as a reverse recapitalization in accordance with U.S. GAAP and not as a business combination under ASC 805. Under this method of accounting