Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 239

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 239
---
CSLM Class A Ordinary Shares”), par value $0.0001 per share,
after giving effect to redemptions occurring prior to the Domestication, will convert automatically, on a one-for-one basis, into one share of common stock, par value $0.0001 per share, of Pubco (each a “Pubco Common Stock”),
(ii) each then issued and outstanding CSLM Class B Ordinary Share shall convert automatically into a CSLM Class A Ordinary share, after which it would automatically convert, on a one-for-one basis, into one Pubco Common Stock;
(iii) each then issued and outstanding warrant of CSLM will become exercisable for one Pubco Common Stock (“Domesticated Pubco Warrant”), pursuant to the Warrant Agreement, dated as of January 12, 2022, by and between CSLM
and Continental Stock Transfer & Trust Company, as warrant agent, (iv) each then issued and outstanding Public Right shall convert automatically into one right to acquire one-tenth (1/10) of one Pubco Common Stock upon the
consummation of the Business Combination, pursuant to the terms of the Public Rights Agreement (“Domesticated Pubco Right”); and (v) each then issued and outstanding unit of CSLM shall separate and convert automatically into
one Pubco Common Stock, one right to acquire one-tenth of a Pubco Common Stock, and one-half of one Domesticated Pubco Warrant.

Consideration and Structure

Under the Merger Agreement, the Fusemachines equityholders that hold shares of Fusemachines Common Stock (as defined below),
shares of Fusemachines Preferred Stock (as defined below), Fusemachines Options (as defined below), or Fusemachines Convertible Notes (as defined below) will receive an aggregate of the number of shares of Pubco Common Stock equal to the quotient
obtained by dividing (a) $200,000,000, by (b) $10.00 (the “Aggregate Merger Consideration”) in exchange for all of Fusemachines’ Aggregate Fully Diluted Fusemachines Common Stock, as defined below.

The Merger Agreement also provides, among other things, CSLM, Sameer Maskey, the founder and Chief Executive Officer of
Fusemachines, and Pubco are entering into and delivering a Founder Transaction Bonus Agreement, (the “Founder Transaction Bonus Agreement”), pursuant to which Mr. Maskey will be entitled to a transaction completion bonus of up
to $1,000