Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 574

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 574
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 515 |
| Balance as of December 31, 2024             |     |        | 945 |

F-68

The following table shows the change in the fair value of the Convertible Notes at Fair Value (in thousands):

|                                                                                |     | 2019        
 Convertible 
 Note        |       |   |     | 2021        
 Convertible 
 Note        |     |   |     | January     
 2024        
 Convertible 
 Notes       |       |     | Total       
 Convertible 
 Notes at    
 Fair Value  |        |   |
| Balance as of December 31, 2022                                                |     |             | 2,687 |   |     |             | 496 |   |     |             |     — |     |             |  3,183 |   |
| Change in fair value of Related Party note payable at Fair Value               |     |             |   492 |   |     |             |  89 |   |     |             |     — |     |             |    581 |   |
| Balance as of December 31, 2023                                                |     |             | 3,179 |   |     |             | 585 |   |     |             |       |     |             |  3,764 |   |
| Issuance of Convertible Notes at Fair Value                                    |     |             |     — |   |     |             |   — |   |     |             | 6,500 |     |             |  6,500 |   |
| Gain on extinguishment of debt recorded as a Capital transaction               |     |             |  (291 | ) |     |             | (52 | ) |     |             |     — |     |             |   (343 | ) |
| Change in fair value of Related party note and Convertible Notes at Fair Value |     |             | 2,641 |   |     |             | 462 |   |     |             | 2,486 |     |             |  5,589 |   |
| Balance as of December 31, 2024                                                |     |             | 5,529 |   |     |             | 995 |   |     |             | 8,986 |     |             | 15,510 |   |

Common Stock Warrant Liability The Company estimates the fair value of the common stock warrant liability (refer to “Note 12 – Long