Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 420

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 420
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 million in the year ended December 31, 2024 compared to $2.1 million in 2023, representing an increase of $0.5 million over the respective periods. This increase was primarily due to additional
financing arrangements entered into during 2024. The $2.6 million net cash provided by financing activities in 2024 consisted of (i) proceeds from convertible notes at fair value of $6.5 million; (ii) proceeds from convertible
notes payable of $0.5 million; (iii) proceeds from related party loan payable of $0.7 million, offset by (iv) payments on notes payable of $3.0 million; (v) common stock repurchase of $2.0 million; and partially
offset by (vi) exercise of stock options and payment of deferred transaction costs.

Net cash provided by financing activities for
the year ended December 31, 2023 was $2.1 million and consisted of proceeds from i) proceeds from loan payable of $2.9 million; (ii) proceeds from secured borrowing of $0.5 million; (iii) payments of secured borrowings of
$1.0 million; (iv) net payments on related party of $0.2 million; and (v) payments of debt issuance costs to third parties of $0.1 million.

267

Contractual Obligations and Commitments Our contractual cash obligations as of March 31, 2025, are summarized in the table below:

| (in thousands)                                      |     | 2025 |       |     | 2026 |     |     | 2027 |       |     | 2028 |     |     | 2029 |     |     | Thereafter |     |     | Total |       |
|:----------------------------------------------------|:----|:-----|------:|:----|:-----|----:|:----|:-----|------:|:----|:-----|----:|:----|:-----|----:|:----|:-----------|----:|:----|:------|------:|
| Related party loan payable                          |     | $    |   700 |     | $    |   — |     | $    |     — |     | $    |   — |     | $    |   — |     | $          |   — |     | $     |   700 |
| Interest                                            |     |      |