Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 218

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 218
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 to the procedures followed, assumptions made, qualifications and limitations on the review undertaken, and other matters considered by Marshall & Stevens in preparing its opinion (attached as
Annex H to this proxy statement/prospectus), as to the fairness to CSLM and, through their holdings of common stock in CSLM, to its non-controlling public common shareholders, from a financial point of view, that the purchase price being
paid by CSLM for Fusemachines was fair.

During the CSLM Board meeting, Loeb presented their due diligence findings to the CSLM Board and
their conclusion that there were no red flags that Loeb came across during the course of their diligence of Fusemachines. Throughout the board meeting the CSLM Board asked numerous questions of Marshall & Stevens and Loeb, and
upon receiving satisfactory responses the CSLM Board approved the Business Combination.

On January 22, 2024, CSLM scheduled an
all-hands call with Fusemachines, Loeb and Dentons US LLP (“Dentons”) via virtual conference line. On the call, CSLM and Fusemachines announced that they had each received board approval for the Business Combination. The parties
then agreed on announcing the transaction publicly the following morning, January 23, 2024, and discussed what remaining work was required on the investor presentation, press release and Current Report on Form 8-K to allow for the public
announcement.

On January 23, 2024, CSLM and Fusemachines announced the signing of the Merger Agreement via press release and filed a
Current Report on Form 8-K including the ancillary documents, the investor presentation and the press release.

On July 24,
2024, CSLM and Fusemachines discussed the structure of the Business Combination with their respective counsels to adjust structure of the domestication of CSLM to Delaware by means of a merger of CSLM with and into a newly formed Delaware
corporation, CSLM Holdings, Inc., or Pubco, and wholly owned subsidiary of CSLM, such that CSLM will merge with and into Pubco upon which the separate existence of CSLM will cease and CSLM Holdings, Inc. becoming the surviving corporation in the
Merger.

On August 19, 2024, CSLM issued a 2nd amended and restated promissory note (the “2nd A&R Note”) to the Sponsor, to
replace the initial promissory note issued to the Sponsor on February 28, 202