Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 601

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 601
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     (0.73 | ) |

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share for the periods presented because including them would have been antidilutive:

|                                                            |     | December 31, |            |    |     | December 31, |            |    |
|                                                            |     |         2024 |            |    |     |         2023 |            |    |
| Convertible Preferred Stock (as converted to common stock) |     |              |  9,043,234 |    |     |              |  9,043,234 |    |
| Common Stock Warrants                                      |     |              |    140,133 |    |     |              |    140,133 |    |
| Stock options                                              |     |              |  2,583,577 | -1 |     |              |  4,795,223 | -2 |
|                                                            |     |              | 11,766,944 |    |     |              | 13,978,590 |    |

| (1) | Includes 10,292 stock options as of December 31, 2024 that were legally exercised prior to meeting the                                                                  
 service base vesting requirements in exchange for nonrecourse promissory notes. (Refer to “The Promissory Notes Transactions” in “Note 16 – Stock-based Compensation”). |

| (2) | Includes 2,470,000 stock options as of December 31, 2023 that were early exercised in exchange for non-recourse promissory notes. (Refer to “Note 16 – Stock-based Compensation”). |

The convertible notes were also outstanding as of December 31, 2024 and December 31, 2023, which could obligate the Company to issue common and preferred stock upon the occurrence of various future events at prices and in amounts that are not determinable until the occurrence of those future events. Because the necessary conditions for the conversion of the convertible notes have not been satisfied as of December 31, 2024 and December 31, 2023, the Company has excluded the convertible notes from the table above and the calculation of diluted net loss per share. (Refer to “Note 12 – Long-term Debt”) The Company has also entered into a contingent obligation to issue 45,000 shares of its common stock to a certain vendor in connection with an outstanding accounts payable balance as part of a settlement