Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 78

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 78
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 with the Sponsor or its affiliates from a financial point of view, the Aggregate Merger Consideration to be paid by
CSLM in the Merger, is fair. As part of its analysis, Marshall & Stevens looked at two valuation approaches: (i) a selected public companies analysis and (ii) a selected transactions analysis.

Marshall & Stevens’ opinion was provided to the CSLM Board (in its capacity as such) in connection with its evaluation of the Merger
and was not provided to any other party for any other purpose. See “The Business Combination Proposal — Opinion of Marshall & Stevens, as Financial Advisor to CSLM’s Board of Directors” for additional information
regarding the scope, assumptions made, procedures followed, matters considered, qualifications and limitations of the review undertaken and other matters considered by Marshall & Stevens in connection with the preparation of its fairness
opinion.

CSLM has filed a proxy to extend the time to complete the Business Combination, and will hold an extraordinary meeting for that
purpose, should the Business Combination not be completed by July 18, 2025 (the “Final Extension Meeting”). If necessary, CSLM will hold the Final Extension Meeting to extend the time to complete the Business Combination on a
monthly basis, until October 18, 2025.

The Proposals to be Submitted at the Extraordinary General Meeting

Proposal No. 1 — The Business Combination Proposal

As discussed in this proxy statement/prospectus, CSLM is asking its shareholders to approve by ordinary resolution and adopt the Merger
Agreement, a copy of which is attached to this proxy statement/prospectus as Annex A. The Merger Agreement provides for, among other things, (1) the Domestication of CSLM to the State of Delaware and (2) following the
Domestication, the merger of Merger Sub with and into Fusemachines, with Fusemachines surviving the Merger in accordance with the terms and subject to the conditions of the Merger Agreement, as more fully described elsewhere in this proxy
statement/prospectus. After consideration of the factors identified and discussed in “The Business Combination Proposal — CSLM Board of Director’s Reasons for the Approval of the Business Combination”, the CSLM
Board concluded that the Business Combination met the requirements disclosed in the prospectus related to the IPO. For more information about the transactions contemplated by the Merger Agreement, see “The Business Combination Proposal”.

Organizational Structure

On January 22, 2024, CSLM entered into the Mer