Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 43

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 43
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 upon the approval of any other proposal.                                                                                                                                                                                                                 |

| Q. | Why is CSLM proposing the Proposed Transaction? |

| A. | CSLM was incorporated to effect a merger, share exchange, asset acquisition, share purchase, 
 reorganization or similar business combination, with one or more businesses or entities.     |

Fusemachines is a global provider of enterprise Artificial Intelligence (“ AI”) products and solutions. Fusemachines also provides high quality AI education in underserved communities and helping organizations achieve their full potential with AI. Based on CSLM’s due diligence investigations of Fusemachines and the industry in which it operates, including the financial and other information provided by Fusemachines in the course of CSLM’s due diligence investigations, the CSLM Board believes that the Proposed Transaction with Fusemachines is in the best interests of CSLM and presents an opportunity to increase shareholder value. However, there is no assurance that the Proposed Transaction with Fusemachines will increase shareholder value. See “ The Business Combination Proposal — CSLM Board of Director’s Reasons for the Approval of the Business Combination” for additional information. 12

Although the CSLM Board believes that the Proposed Transaction with Fusemachines presents an attractive business combination opportunity and is in the best interests of CSLM and its shareholders, the CSLM Board did consider certain potentially material negative factors in arriving at that conclusion. These factors are discussed in greater detail in “ The Business Combination Proposal — CSLM Board of Director’s Reasons for the Approval of the Business Combination,” as well as in “ Risk Factors — Risks Related to Fusemachines’ Business”.

| Q. | What will Fusemachines Securityholders receive in connection with the Business Combination? |

| A. | Under the Merger Agreement, the holders of shares of Aggregate Fully Diluted                                                                                                                                                              
 Fusemachines’ Common Stock, immediately prior to the Closing will receive aggregate consideration of $200.0 million in the form of shares of Pubco Common Stock (at a deemed value of $10.00 per share) in exchange for their outstanding 
 equity interests, as set forth in more detail below.                                                                                                                                                                                      |

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