Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 210

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 210
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 an investor or holder the ability to effectively purchase shares at a price lower than market, such investor or holder may therefore become more
likely to sell the shares he, she or it owns, either at or prior to the Proposed Transaction). If such transactions are effected, the consequence could be to cause the Proposed Transaction to be consummated in circumstances where such consummation
could not otherwise occur.

116

THE BUSINESS COMBINATION PROPOSAL Background of the Business Combination The Business Combination was the result of a thorough search by CSLM for a potential transaction utilizing the global network and investing and operating experience of its management team and board of directors. The terms of the Business Combination were the result of negotiations between CSLM’s independent directors, management team, and the Sponsor, in consultation with CSLM’s legal advisors and professional service providers, and representatives of Fusemachines, in consultation with their financial and legal advisors. The following is a brief description of the background of these negotiations, the Business Combination and related transactions. CSLM is a blank check company incorporated in Cayman Islands on April 13, 2021, and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Our intention was to capitalize on the substantial deal sourcing, investing and operating expertise of our founders, directors and management team to identify and combine with one or more businesses with high growth potential. On January 18, 2022, the Company consummated the IPO of 18,975,000 units at a price of $10.00 per public unit, including the full exercise of the underwriter’s overallotment option, generating gross proceeds of $189,750,000. Substantially concurrently with the closing of the IPO, the Company consummated a private placement of 7,942,500 warrants, at a price of $1.00 per private placement warrant to the Sponsor (the “ Private Warrants”), generating gross proceeds of $7,942,500. $191,647,500 ($10.10 per unit) of cash was placed in the Trust Account with Continental Stock Transfer & Trust Company acting as trustee established for the benefit of the persons holding Public Shares. As part of the Insider Letter entered into at the time of CSLM’s IPO, the Insiders agreed to waive their Redemption Rights with respect to all of the Founder Shares in connection with the completion of the Business Combination. The Insiders did not receive any separate consideration