Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 625

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 625
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 cash and cash equivalents with financial institutions. The Company believes its credit policies reflect normal
industry terms and business risk and there is no expectation of non-performance by the counterparties. Accounts receivables are generally dispersed across many customers operating in different industries;
therefore, concentration of credit risk is limited. If any of the Company’s customers enter bankruptcy protection or otherwise take steps to alleviate their financial distress, the Company’s credit losses and write-offs of receivables
could increase, which would negatively impact its results of operations.

Significant Customers and Suppliers— The
concentration of credit risk with respect to accounts receivable is primarily limited to certain customers to which the Company makes substantial sales. To minimize credit risk related to accounts receivable, the Company maintains allowances for
potential credit losses based on historical loss patterns as well as future expectations. As of March 31, 2025 and December 31, 2024, the Company had four customers whose accounts receivable balance accounted for at least 10% of the
Company’s consolidated accounts receivables, respectively. These customers accounted for approximately 62.0% and 61.6% of the Company’s receivables at the end of the respective periods. For the three month ended March 31, 2025 and
2024, the Company had four and one customers whose revenue accounted for at least 10% of the Company’s consolidated revenue, respectively. These customers accounted for approximately 53.3% and 11.1 % of the Company’s total revenue at
the end of the respective periods.

The Company pays its suppliers on normal commercial terms and does not believe that there is any
significant supply risk from its suppliers. As of March 31, 2025 and December 31, 2024, the Company had three suppliers whose account payable accounted for at least 10% of the Company’s consolidated account payables, respectively. These
suppliers accounted for approximately 61.2% and 61.43% of the Company’s total payables at the end of the respective periods.

Foreign currency risk- The Company’s global operations are conducted predominantly in U.S. dollars. While revenue is
generated in U.S. dollars, the Company incurs expenses in other currencies, principally, Nepalese rupees and Canadian dollars. The Company’s international operations expose it to risk of adverse fluctuations in foreign currency exchange rates
through the remeasurement of foreign currency denominated assets and liabilities (both third-party and intercompany) and translation