Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 224

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 224
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 risk that CSLM’s shareholders or Fusemachines’ stockholders may fail to 
 provide the respective votes necessary to effect the Business Combination;                    |

| • |     | Litigation. The possibility of litigation challenging the Business Combination or that an adverse                 
 judgment granting permanent injunctive relief could indefinitely enjoin consummation of the Business Combination; |

| • |     | Benefits May Not Be Achieved. The risks that the potential benefits of the Business Combination may not 
 be fully achieved or may not be achieved within the expected timeframe;                                 |

| • |     | CSLM’s Shareholders Receive a Minority Position. The fact that CSLM’s shareholders will hold 
 a minority position in Pubco;                                                                |

Certain Projected Financial Information for Fusemachines As part of CSLM’s due diligence process, CSLM requested that Fusemachines provide internally prepared forecasts and projections to Marshall & Stevens. Fusemachines provided to CSLM and Marshall & Stevens its estimated revenue, gross profit and gross margin for the period from fiscal years 2024 to 2026 (the “ Projections”). The Projections were initially prepared by Fusemachines management for its internal use. CSLM requested the Projections from Fusemachines to assist the CSLM Board in determining the valuation of Fusemachines, as well as to assist Marshall & Stevens in its analysis and determination 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 to the holders of the CSLM Class A Ordinary Shares other than the Excluded Parties (without giving effect to any impact of the Business Combination on any particular shareholder of the CSLM Class A Ordinary Shares other than in its capacity as a shareholder of the CSLM Class A Ordinary Shares), of the consideration to be received by CSLM in the Business Combination. Marshall & Stevens was authorized and directed by CSLM to use and rely upon the Projections in connection with preparing the fairness opinion. The Projections are included in this proxy statement/prospectus solely to provide CSLM shareholders access to the material financial forecasts that were made available to the CSLM Board and Marshall & Stevens, and are not included in this proxy statement/prospectus to influence a CSLM Shareholder’s decision whether to vote for or against the Business Combination and the other proposals included in this proxy statement/prospectus or whether to exercise their Redemption Right. No financial projections