Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 633

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 633
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 $           | 995 |   |     | $           | 8,986 |   |     | $           | 15,510 |   |
| Issuance of Convertible Notes at Fair Value                                    |     |             |     — |   |     |             |   — |   |     |             |     — |   |     |             |      — |   |
| Change in fair value of Related party note and Convertible Notes at Fair Value |     |             |  (480 | ) |     |             | (68 | ) |     |             |  (994 | ) |     |             | (1,542 | ) |
| Balance as of March 31, 2025                                                   |     | $           | 5,049 |   |     | $           | 927 |   |     | $           | 7,992 |   |     | $           | 13,968 |   |

Common Stock Warrant Liability The Company estimates the fair value of the common stock warrant liability (refer to “Note 9 – Long-term Debt”) using an option pricing model and assumptions that are based on the individual characteristics of the warrants on the valuation date, as well as assumptions for fair value of the underlying common stock expected volatility, expected life, dividends, and risk-free interest rate. The warrant liability is classified as Level 3 as there were no quotable prices for identical assets or quoted prices for similar. The warrant liabilities are measured using a Black-Scholes Model. The fair value of the warrant liability as of March 31, 2025 was determined using the following assumptions: a dividend yield of 0.0%, a risk-free rate of 4.1%, a stock price of $7.62, a term of 8.40 years, and annualized volatility of 62.5%.The fair value of the warrant liability as of December 31, 2024 was determined using the following assumptions: a dividend yield of 0.0%, a risk-free rate of 4.5%, a stock price of $7.48, a term of 8.65 years, and annualized volatility of 65.0%. Related Party Note payable at Fair Value and Convertible Notes at Fair Value The Company accounts for certain long-term debt (also refer to “Note – 9 – Long-term Debt”) under the fair value option. At the issuance date of the Convertible Notes at Fair Value, the Company determined that the