Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 3

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 3
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Sponsor or its affiliates. See “The Business CombinationProposal—OpinionofMarshall& Stevens,asFinancialAdvisorto CSLM’sBoard of Directors”.

CSLM has filed a
proxy to extend the time to complete the Business Combination, and will hold an extraordinary meeting for that purpose, should the Business Combination not be completed by July 18, 2025 (the “Final Extension Meeting”). If necessary,
CSLM will hold the Final Extension Meeting to extend the time to complete the Business Combination on a monthly basis, until October 18, 2025.

Consideration and Structure

Under the Merger Agreement, the Fusemachines equityholders that hold shares of Fusemachines Common Stock (as defined below),
shares of Fusemachines Preferred Stock (as defined below), Fusemachines Options (as defined below), or Fusemachines Convertible Notes (as defined below) will receive an aggregate of the number of shares of Pubco Common Stock equal to the quotient
obtained by dividing (a) $200,000,000, by (b) $10.00 (the “Aggregate Merger Consideration”) in exchange for the Aggregate Fully Diluted Fusemachines Common Stock, as defined below.

The Merger Agreement also provides, among other things, CSLM, Sameer Maskey, the founder and Chief Executive Officer of
Fusemachines, and Pubco are entering into and delivering a Founder Transaction Bonus Agreement, (the “Founder Transaction Bonus Agreement”), pursuant to which Mr. Maskey will be entitled to a transaction completion bonus of up
to $1,000,000 upon the Closing. The transaction bonus to be paid to Dr. Maskey is equal to 20% of the sum of (i) the amount of cash remaining in the Trust Account after Redemptions and (ii) the amount of proceeds of any equity
investments or debt financing facilities that are or will be actually received by CSLM prior to or substantially concurrently with the Closing, but excluding the PIPE Investment Amount (as defined below), provided that such transaction bonus shall
not exceed $1,000,000.

Sponsor Convertible Notes

Within five (5) business days following the execution of the Merger Agreement, and as a condition to Closing, an affiliate
of Sponsor provided to Fusemachines loans in an aggregate amount of $6.5 million in the form of convertible promissory notes, of which $4.5 million was to be used by Fusemachines for general corporate