Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 332

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 332
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 the purchase prices as share-based compensation expense, which increased the Accumulated deficit and Additional paid in capital on the unaudited pro forma condensed combined balance sheet. For the shares that were transferred, management                                                                                                                       
 recorded the entire grant date fair values as share-based compensation expense, which increased the Accumulated deficit and Additional paid in capital on the unaudited pro forma condensed combined balance sheet. Refer to Note 4(e) for the impact of                                                                                                                 
 these share-based payment awards on the unaudited pro forma condensed combined statement of operations.                                                                                                                                                                                                                                                                  |

| (f) | To reflect the issuance of 1,897,500 shares of Fusemachines Pubco Common Stock upon the automatic exercise                                                                                                 
 on the Closing Date of the CSLM Rights to acquire one-tenth of one share of Fusemachines Pubco Common Stock. The issuance of the shares resulted in a $0 thousand adjustment within the Fusemachines Pubco 
 Common Stock, par value $0.0001 and Additional paid-in capital line items, respectively, due to the effect of rounding as the adjustment to record the shares at par value and associated adjustment to    
 Additional paid-in capital were less than $1 thousand, respectively.                                                                                                                                       |

| (g) | To reflect the remeasurement to fair value of the Fusemachines convertible notes issued in January 2024 at                                                                                                                                              
 the estimated Closing Date, as Fusemachines elected the fair value option upon issuance of the notes. The fair value of the convertible notes as of the Closing Date of $10.3 million (historical balance of the notes was $8.0 million plus            
 this remeasurement to fair value of $2.3 million) is based on the number of shares of Fusemachines Common Stock that the convertible notes will convert into. The number of shares of Fusemachines Common Stock that the convertible notes will convert 
 into immediately prior to the Closing of the Business Combination will be the same under both the No Additional Redemption Scenario and the Maximum Redemption Scenario.                                                                                |

The fair value per share of Fusemachines Common Stock used to remeasure the January 2024 notes to fair value on the estimated Closing Date was $6.68. This value has been determined based on an income approach and a market approach in accordance with Internal Revenue Service Ruling 59-60for compliance with Internal Revenue Code Section 409A. This combination of the income and market approach is 203

consistent with the provisions of the American Institute of Certified Public Accountants