Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 241

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 241
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000, dated as of February 4, 2025, as
amended on May 23, 2025, issued by CSLM in favor of Sponsor to fund CSLM’s working capital requirements, as it may be from time to time amended or supplemented, and (iii) up to $3,000,000, subject to reduction up to zero as follows:
(a) a dollar-for-dollar reduction for Parent Closing Excess Cash of up to $1,000,000 (as such term is defined in the Merger Agreement), and (b) a 20% reduction for every dollar of Parent Closing Excess Cash in excess of $1,000,000 (the
“Contingent PIPE Investment Amount”), if any (the “PIPE Investment Amount”) at $10.00 per Pubco Common Stock (the “PIPE Investment”). “Parent Closing Excess Cash” means (i) the amount
of cash available in the Trust Account immediately prior to the Effective Time after deducting the amount required to satisfy the Parent Redemption Amount (as such term is defined in the Merger Agreement) plus (ii) the proceeds of any equity
investments (including any private investments in public equity) or debt financing facilities that are or will be actually received by CSLM prior to or substantially concurrently with the Closing, but excluding the PIPE Investment Amount.

Treatment of Fusemachines Securities

Pursuant to the Merger Agreement, at the Effective Time, each option (whether vested or unvested) (each, a
“Fusemachines Option”) to purchase shares of common stock of Fusemachines (“Fusemachines Common Stock”) that is outstanding as of immediately prior to the Effective Time will be converted into an option
to acquire, subject to substantially the same terms and conditions as were applicable under such Fusemachines Option (including expiration date, vesting conditions, and exercise provisions), the number of shares of Pubco Common Stock (rounded down
to the nearest whole share), determined by multiplying the number of shares of Fusemachines Common Stock subject to such Fusemachines Option as of immediately prior to the Effective Time by the Conversion Ratio (as defined below), at an exercise
price per Pubco Common Stock (rounded up to the nearest whole cent) equal to (A) the exercise price per share of Fusemachines Common Stock of such Fusemachines Option divided by (B) the Conversion Ratio (a “Converted Stock Option”). At the Effective Time, Pubco will assume all obligations of the Fuse