Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 375

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 375
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notes issued by Fuse to the Sponsor Affiliate on January 25, 2024 in the amounts of $4.5 million and $2 million, were extended to July 12, 2025.

On February 4, 2025, in connection with the 2nd Amendment, the parties to that certain Subscription Agreement dated January 25, 2024 among
Fusemachines, the Company, the Sponsor and an affiliate of the Sponsor (the “Subscription Agreement”), entered into an amendment to the Subscription Agreement to revise the PIPE Investment Amount to $8,840,000 (the “Subscription
Agreement Amendment”).

On May 23, 2025, the Company amended the 3 A&R WC
Promissory Note solely to increase the amount the Company may borrow from $3,000,000 to $4,000,000. All other provisions of the 3 A&R WC Promissory Note remain the same.

Results of Operations

Our entire
activity from inception through March 31, 2025 relates to our formation, the Initial Public Offering and, since the closing of the Initial Public Offering, a search for a Business Combination candidate. We will not be generating any operating
revenues until the closing and completion of our Business Combination at the earliest.

For the three months ended March 31, 2025, we had
a net loss of $2,061,897, which consisted of $168,558 dividends on marketable securities held in the Trust Account, offset by a $1,822,844 loss on extinguishment of debt, $285,954 of legal and accounting expenses, $45,866 of insurance expense,
$12,922 of dues and subscriptions expense, $30,000 of administrative expense – related party, and $32,869 of interest expense.

For
the three months ended March 31, 2024, we had a net income of $148,092, which consisted of $679,342 dividends on marketable securities held in the Trust Account and $35,000 of covenant fees, offset by $415,328 of legal and accounting expenses,
$63,454 of insurance expense, $38,881 of dues and subscriptions expense, $30,000 of administrative expense – related party, and $18,587 of interest, general and administrative expenses.

For the year ended December 31, 2024, we had net income of $172,315, which consisted of dividend income on marketable securities held in
the