Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 184

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 184
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 period. If (a) CSLM has been a PFIC for any taxable year during the
holding period of a U.S. Holder (and a U.S. Holder of Public Shares has not made certain elections with respect to its Public Shares), and (b) Pubco is not a PFIC in the taxable year of the Domestication, such U.S. Holder would likely recognize
gain (but not loss if the Domestication qualifies as a “reorganization” within the meaning of Section 368 of the Code) upon the exchange of Public Shares and Public Warrants as applicable, for Pubco Common Stock or Pubco Warrants
pursuant to the Domestication. Please see “Material U.S. Federal Income Tax Considerations — U.S. Holders — U.S. Federal Income Tax Consequences of the Domestication to U.S. Holders of CSLM Securities — Passive Foreign Investment Company Status” for a more detailed discussion with respect to CSLM’s potential PFIC status and certain tax implications thereof.

100

If the Merger does not qualify as a reorganization under Section 368(a) of the Code, U.S. Holders of Fusemachines securities may be required to pay substantial U.S. federal income taxes.

If the
Merger does not qualify as a “reorganization” within the meaning of Section 368(a) of the Code, then a U.S. Holder that exchanges its Fusemachines securities for CSLM securities may recognize gain in connection with the Merger and may
be subject to substantial U.S. federal income taxes. For more information on the material U.S. federal income tax consequences of the Merger to U.S. Holders of Fusemachines securities, see “Material U.S. Federal Income Tax Considerations — U.S. Holders — U.S. Federal Income Tax Consequences of the Merger to U.S. Holders of Fusemachines Securities.”

The underwriters of the IPO were to be compensated in part on a deferred basis for already-rendered services in connection with CSLM’s IPO. However, BTIG waived such compensation. BTIG had no role in this Business Combination and do not have any responsibility for this proxy statement/prospectus.

BTIG was the lead underwriter in the CSLM IPO. Pursuant to the Underwriting Agreement, BTIG was entitled to deferred compensation in the
aggregate amount of $10,436,250 as consideration for services rendered to CSLM in connection with the IPO, which was to become payable upon consum