Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 339

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 339
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 convertible notes on the estimated Closing Date.

| (y) | To reflect, in the Maximum Redemption Scenario, the reversal of the settlement on the estimated Closing Date                                                                                                                                
 of the Fusemachines convertible notes issued in October 2019 and September 2021 at a fair value of $6.9 million under the No Additional Redemption Scenario (see Note 3(k)), as well as the reversal of a partial repayment of $1.9 million 
 which was also included as part of the Note 3(k).                                                                                                                                                                                           |

The October 2019 and September 2021 convertible notes are settled through a partial repayment in cash as well as an issuance of shares of Fusemachines Common Stock. Immediately prior to their settlement, these 208

convertible notes (which are carried at fair value) have an aggregate carrying value of $8.2 million under the Maximum Redemption Scenario. In addition to the reversals described within this note above, this Note 3(y) removes the carrying value of $8.2 million and also reflects the $0.3 million partial repayment in cash of the outstanding principal and unpaid interest under the Maximum Redemption Scenario and the conversion of the October 2019 and September 2021 Fusemachines convertible notes. The net amount of this Note 3(y) to Fusemachines Inc. Common Stock, $0.00001 par value line item, representing the incremental difference in par value between the conversion of the October 2019 and September 2021 Fusemachines convertible notes in the No Additional Redemption Scenario and Maximum Redemption Scenario, respectively, is $0 thousand, as presented, due to the effect of rounding as the amount is less than $1 thousand. For the adjustment reflecting the settlement of the October 2019 and September 2021 convertible notes above in the No Additional Redemption Scenario, refer to Note 3(k).

| (z) | To reflect, in the Maximum Redemption Scenario, the reversal of the transaction completion bonus, described                                                                                                                                        
 in Note 3(m) in the No Additional Redemption Scenario as the bonus is only payable under the No Additional Redemption Scenario under which no CSLM Stockholders elect to redeem their Class A Ordinary Shares subject to possible redemption for a 
 pro rata portion of cash in the Trust Account.                                                                                                                                                                                                     |

The pro forma notes and adjustments, based on preliminary estimates that could change materially as additional information is obtained, are as follows: Pro Forma Adjustments for Financing Transactions:

| (aaa) | Notes 3(bbb), 3(ccc