Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 413

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 413
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. Also, we exclude depreciation and amortization, stock-based compensation and fair value changes, which are non-cashexpenses, from these non-GAAPfinancial measures because we believe that excluding these items provides meaningful supplemental information regarding operational performance and provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management team. Our definitions may differ from the definitions used by other companies and therefore comparability may be limited. In addition, other companies may not publish these or similar metrics. Further, these metrics have certain limitations, as they do not include the impact of certain expenses that are reflected in our consolidated statements of operations and comprehensive loss. Thus, our non-GAAPEBITDA and adjusted EBITDA should be considered in addition to, not as a substitute for, or in isolation from, measures prepared in accordance with GAAP. We compensate for these limitations by providing reconciliations of these non-GAAPmeasures to the most comparable GAAP measures. We encourage investors and others to review our business, results of operations, and financial information in its entirety, not to rely on any single financial measure, and to view these non-GAAPmeasures in conjunction with the most directly comparable GAAP financial measures. The reconciliation of our net loss to EBITDA and Adjusted EBITDA for the quarter ended March 31, 2025, and 31, 2024, is as follows:

|                               | (In thousands) | Quarter ended March 31, |   2025 |   |     |   |   2024 |   |
|:------------------------------|:---------------|:------------------------|-------:|:--|:----|:--|-------:|:--|
| Net loss                      |                | $                       |   (253 | ) |     | $ | (3,297 | ) |
| Interest expense              |                |                         |     66 |   |     |   |     44 |   |
| Provision for tax             |                |                         |      — |   |     |   |      — |   |
| Depreciation and amortization |                |                         |     45 |   |     |   |     40 |   |
| EBITDA                        |                | $                       |   (142 | ) |     | $ | (3,213 | ) |
| Stock-based compensation      |                |                         |     65 |   |     |   |    549 |   |
| Fair value