Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 221

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 221
---
 the consummation of the Business Combination. In addition, the
maturity dates on the Sponsor Convertible Notes issued on January 25, 2024 were extended to July 12, 2025.

On February 4, 2025, in
connection with the 2nd Amendment, the parties, entered into the Subscription Agreement Amendment to revise the PIPE Investment Amount to $8,840,000.

On February 6, 2025, the Sponsor signed an agreement with CWEM for their introduction to Fusemachines, whereby the Sponsor shall transfer
125,000 Founder Shares to CWEM at the closing of the Business Combination.

CSLM Board of Directors’ Reasons for the Approval of the Business Combination

As described under “Background of the Business Combination” above, in evaluating the
Business Combination, the CSLM Board consulted with CSLM’s management and financial and legal advisors. In reaching its unanimous decision to approve the Business Combination Agreement and the transactions

123

contemplated by the Business Combination Agreement, considered a range of factors, including but not limited to, the factors discussed below. In light of the complexity of those factors, the CSLM Board, as a whole, did not consider it practicable to, nor did it attempt to, quantify or otherwise assign relative weights to the specific factors it took into account in reaching its decision. Individual members of the CSLM Board may have given different weight to different factors. Certain information presented in this section, is forward-looking in nature and, therefore, should be read in light of the factors discussed under “ Cautionary Note Regarding Forward-Looking Statements.” Before reaching its decision, the CSLM Board discussed and reviewed the results of the due diligence conducted by its management, the Sponsor, and CSLM’s advisors, which included:

| • |     | extensive meetings and calls with the management team and advisors of Fusemachines regarding, among other 
 things, operations and forecasts;                                                                         |

| • |     | review of material contracts and other material matters; |

| • |     | financial, tax, legal, insurance, accounting, operational, business and other due diligence; |

| • |     | consultation with CSLM management and its legal counsel and financial advisors; |

| • |     | review of historical financial performance of Fusemachines and Fusemachines’ management projections for 
 its business; and                                                                                       |

| • |     | financial and valuation analyses of Fusemachines and the Business Combination. |

The officers and directors of CSLM have