Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 168

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 168
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 in the future be subject to a claim that we have been operating as an unregistered investment company. If we are deemed to be an investment company for purposes of the Investment Company Act, we might be forced to abandon our efforts to complete an initial business combination and instead be required to liquidate. If we are required to liquidate, our investors would not be able to realize the benefits of owning stock in a successor operating business, including the potential appreciation in the value of our stock and warrants following such a transaction, and our warrants would expire worthless. The longer that the funds in the trust account are held in short-term U.S. government securities or in money market funds invested exclusively in such securities, the greater the risk that we may be considered an unregistered investment company, in which case we may be required to liquidate. Since the Sponsor and CSLM’s directors and officers have interests that are different, or in addition to (and which may conflict with), the interests of our shareholders, a conflict of interest may have existed in determining whether the Business Combination with Fusemachines is appropriate as our initial business combination. Such interests include that the Sponsor will lose its entire investment in us if our business combination is not completed. When you consider the recommendation of the CSLM Board in favor of approval of the Business Combination Proposal, you should keep in mind that the Sponsor and CSLM’s directors and officers have interests in such proposal that are different from, or in addition to, those of CSLM shareholders and warrant holders generally. Such interests include the following:

| • |     | The Sponsor paid (i) $25,000 or approximately $0.003 per share for the Founder Shares, which such Founder                                                                                                                                             
 Shares, if unrestricted and freely tradeable, would be valued at approximately $56,782,687.50 based on the $11.97 closing price of the CSLM Class A Ordinary Shares on June 27, 2025 (ii) $397,125 or approximately $0.10 per warrant for             
 the 3,971,250 Private Warrants (after forfeiture of 3,971,250 Private Warrants), based on the $0.10 closing price of the CSLM Warrants on June 27, 2025. Pursuant to the Sponsor Support Agreement, the Sponsor will forfeit 3,971,250 Private        
 Placement Warrants in connection with the Closing of the Business Combination. We estimate that, at the Closing, the Sponsor will hold an aggregate of 4,743,750 shares