Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 7

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 7
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”) to (a) amend the definition of the “PIPE Investment Amount” to mean the sum of (i) $8,840,000, and (ii) the Contingent PIPE Investment Amount, if any; and (b) remove the delay fees incurred in
connection with delivery of Fusemachines’ financial statements.

In connection with the 2nd Amendment, an affiliate
of the Sponsor (the “Sponsor Affiliate”), provided financing to Fusemachines in the amount of $2,160,000, in exchange for a convertible note which note shall convert into shares of common stock of Fusemachines at a price of $0.44
per share (a) automatically at the time of the Business Combination, or (b) on July 12, 2025 at the option of the holder, if not, then payable in cash (the “Escrow Note”). The funds from the Escrow Note shall be put in an escrow
account held at Continental Stock Transfer and Trust Company, CSLM’s transfer agent (“CST”) pursuant to an escrow agreement among CSLM, the Sponsor Affiliate, Fusemachines and CST (the “Escrow Agreement”). and shall
be released to Pubco upon the consummation of the Business Combination. In addition, the maturity dates on the Sponsor Convertible Notes issued on January 25, 2024 were extended to July 12, 2025.

On February 4, 2025, in connection with the 2nd Amendment, the parties to that certain Subscription Agreement dated
January 25, 2024 among Fusemachines, the Company, the Sponsor and an affiliate of the Sponsor (the “Subscription Agreement”), entered into an amendment to the Subscription Agreement to revise the PIPE Investment Amount to $8,840,000
(the “Subscription Agreement Amendment”).

For information on the percentage of the issued and outstanding shares of
Pubco Common Stock immediately following the Closing that are expected to be held by the Fusemachines Securityholders (as defined below), the Sponsor and CSLM’s current public security holders, in various redemption scenarios, based on
Fusemachines’ balance of capital stock as of March 31, 2024, see “Questions and Answers for Shareholders of CSLM — What equity stake will current CSLM shareholders and Fusemachines Securityholders hold in Pubco immediately after the consummation of the Proposed Transaction?”

On January 15, 2025, CSLM received a notice (the
“Notice