Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 328

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 328
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 3rd Amended and Restated Promissory Note into Fusemachines Pubco Common Stock on the Closing Date, (d) 1,372,687 
 CSLM Class A Ordinary Shares subject to possible redemption sold in CSLM’s Initial Public Offering that have not been redeemed for cash, (e) 1,897,500 shares expected to be issued upon Closing as a result of the automatic exercise of the             
 rights related to 18,975,000 units issued in CSLM’s Initial Public Offering, (f) 884,000 shares issued upon Closing as a result of the PIPE Financing, (g) 3,762,750 shares held by Sponsor, and (h) 150,000 shares held by directors of CSLM.            |

| (2) | Represents a) 1,007,050 shares to be held by an affiliate of the Sponsor resulting from the conversion of                                                                                                                                                 
 the Sponsor Convertible Notes into Fusemachines Common Stock on the Closing Date whereby such common stock is subsequently and immediately exchanged for Fusemachines Pubco Common Stock immediately prior to the Closing, (b) 3,212,464 shares to be     
 held by an affiliate of the Sponsor resulting from the conversion of a convertible note into Fusemachines Common Stock on the Closing Date whereby such common stock is subsequently and immediately exchanged for Fusemachines Pubco Common Stock        
 immediately prior to the Closing, (c) 402,805 shares to be held an affiliate of the Sponsor resulting from the partial conversion of the 3rd Amended and Restated Promissory Note into Fusemachines Pubco Common Stock on the Closing Date, (d) 1,897,500 
 shares expected to be issued upon Closing as a result of the automatic exercise of the rights related to 18,975,000 units issued in CSLM’s Initial Public Offering, (e) 884,000 shares issued upon Closing as a result of the PIPE Financing, (f)         
 300,000 shares issued as a result of the Contingent PIPE Investment Amount, (g) 3,762,750 shares held by Sponsor, and (h) 150,000 shares held by directors of CSLM.                                                                                       |

200

| 2. | Accounting for the Business Combination |

Notwithstanding the legal form, the Business Combination will be accounted for as a reverse recapitalization in accordance with U.S. GAAP and not as a business combination under ASC 805. Under this method of accounting,