Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 597

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 597
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 employees and consultants of the Company. The 2023 Plan was amended and approved by the stockholders of the Company in December 2023 to increase the number of shares of the Company’s Common Stock reserved for issuance under the Fusemachines Inc. 2023 Amended and Restated Equity Plan (the “2023 Equity Incentive Plan”) by 595,000 to 5,546,530 shares of common stock. As of December 31, 2024, 1,112,751 shares of Common Stock were available for future grant under the 2023 Plan. Shares that are expired, terminated, surrendered, or cancelled without having been fully exercised or issued will be available for future awards. The Company may use either authorized and unissued shares or treasury shares, when available, to meet share requirements resulting from the exercise of stock options. The stock-based compensation expense during the year ended December 31, 2024, and 2023 are reported in the following consolidated financial statement line items (in thousands):

|                                        |     | Year ended   
 December 31, |  2024 |     |   |  2023 |
|:---------------------------------------|:----|:-------------|------:|:----|:--|------:|
| General and administrative             |     | $            |   723 |     | $ | 1,972 |
| Cost of revenue                        |     |              |    44 |     |   |    86 |
| Selling and marketing                  |     |              |   170 |     |   |    69 |
| Research and development               |     |              |   130 |     |   |    27 |
| Total stock-based compensation expense |     | $            | 1,067 |     | $ | 2,154 |

F-85

Stock Options The Company’s stock options outstanding consist primarily of time-based options to purchase common stock, the majority of which vest over a two-to-four-yearperiod and have a ten-yearcontractual term. These awards are subject to the risk of forfeiture until vested by virtue of continued employment or service to the Company. The following table summarizes the stock option activity for options with service-based vesting conditions during the year ended December 31, 2024:

|                                                        |     | Number of 
 Options   |            |   |     | Weighted 
 Average  
 Exercise 
 Price    |      |     | Weighted    
 Average     
 Remaining   
 Contractual 
 Term