Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 11

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 11
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750,000 to $3,000,000. The 3rd A&R Note bears interest at a rate of 4.75% per annum, and is payable on the earlier to occur of (i) the date by which the Company has to complete a business combination or (ii) the effective date of a business combination. In the event of a Business Combination, the outstanding balance payable may be repaid as follows: $1,491,000 of the Principal and its accrued and unpaid interest shall be converted into CSLM’s Class A ordinary shares at a share price of Four Dollars ($4.00), and the balance shall be payable in cash at the closing of the Business Combination. On May 23, 2025, the 3 rdA&R Note was amended to increase the amount the Company may borrow to $4,000,000. In addition, as disclosed in the IPO prospectus, CSLM may issue Working Capital Loans that would either be repaid upon consummation of a business combination, without interest, or, at the lender’s discretion, up to $2,000,000 of such Working Capital Loans may be convertible into warrants, at a price of $1.00 per warrant, of the post business combination entity. If the Company completes a business combination, the Company would repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a business combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. The warrants would be identical to the Private Warrants issued in the IPO. Conflicts of interest Since the Sponsor, its affiliates, representatives and certain the initial shareholders of CSLM (the “ Initial Shareholders”), have interests that are different, or in addition to (and which may conflict with), the interests of the other holders of CSLM Class A Ordinary Shares, a conflict of interest may exist in determining whether the Business Combination with Fusemachines is appropriate. Such interests include that the Initial Shareholders, will lose their entire investment in CSLM if CSLM does not complete a business combination. When you consider the recommendation of the CSLM Board in favor of approval of the Business Combination, you should keep in mind that the Initial Shareholders, have interests in such proposal that are different from,