Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 45

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 45
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 of (i) one year after the Closing Date and (ii) subsequent to the Closing Date, (x) if the last reported sale price of Pubco Common Stock equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share dividends, rights issuances, reorganizations, recapitalizations and other similar transactions) for any 20 trading days within any 30-trading day period commencing at least 120 days after the Closing Date or (y) the date following the Closing Date on which the Pubco completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Pubco’s shareholders having the right to exchange their Pubco Common Stock for cash, securities or other property. The board of 13

directors of Pubco may, in its sole discretion, determine to waive, amend or repeal such lock-up obligations, whether in whole or in part. 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, the Sponsor and CSLM’s current public security holders, in various redemption scenarios, based on Fusemachines’ balance of capital stock as of December 31, 2023, see “— What equity stake will current CSLM shareholders and Fusemachines Securityholders hold in Pubco immediately after the consummation of the Proposed Transaction?”

| Q. | What equity stake will current CSLM shareholders and Fusemachines Securityholders hold in Pubco 
 immediately after the consummation of the Proposed Transaction?                                 |

| A. | It is anticipated that, following the Business Combination, an aggregate of 26,501,049 shares of Pubco                                                                                                                                           
 Common Stock will be outstanding, assuming maximum redemptions and based on Fusemachines’ balance of capital stock as of May 15, 2025, comprised of: (i) 14,053,480 shares of Pubco Common Stock issued to Fusemachines Securityholders in       
 the Merger, constituting approximately 53% of the outstanding Pubco Common Stock; (ii) 9,719,069 shares of Pubco Common Stock issued to the Sponsor and related parties of Sponsor (includes one Class B ordinary Share, the conversion of the   
 Sponsor Convertible Notes, the conversion of the Escrow Note, and 1,184,000 shares issued as a result of the PIPE Investment), constituting approximately 37% of the outstanding