Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 44

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 44
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 such Fusemachines Option (including expiration date, vesting conditions, and exercise provisions), the number of shares of Pubco Common Stock (rounded down to the nearest whole share), determined by multiplying the number of shares of Company Common Stock subject to such Fusemachines Option as of immediately prior to the Effective Time by the Conversion Ratio (as defined below), at an exercise price per share of Pubco Common Stock (rounded up to the nearest whole cent) equal to (A) the exercise price per share of Company Common Stock of such Fusemachines Option divided by (B) the Conversion Ratio (a “ Converted Stock Option”). At the Effective Time, Pubco will assume all obligations of Fusemachines with respect to each Converted Stock Option. Pursuant to the Merger Agreement, effective immediately prior to the Effective Time, each of the Company’s issued and outstanding convertible promissory notes (the “ Company Convertible Notes”) shall be (i) treated in accordance with the terms of the relevant agreement governing such Company Convertible Notes, and (ii) converted into Company Preferred Stock or Company Common Stock, as applicable. The “ Conversion Ratio” is the quotient obtained by dividing (i) the number of shares of Pubco Common Stock constituting the Aggregate Merger Consideration, by (ii) the “ Aggregate Fully Diluted Fusemachines Common Stock”, which means: the sum, without duplication, of (a) all shares of Fusemachines Common Stock that are issued and outstanding immediately prior to the Effective Time; plus (b) the aggregate number of shares of Company Common Stock issuable upon conversion of all shares of Company Preferred Stock that are issued and outstanding immediately prior to the Effective Time; plus (c) the aggregate number of shares of Company Common Stock issuable upon full exercise of all Fusemachines Options (whether vested or unvested); plus (d) the aggregate number of shares of Company Common Stock issuable upon full conversion of all Company Convertible Notes that are outstanding immediately prior to the Effective Time; plus (e) the aggregate number of shares of Fusemachines Common Stock issuable upon full conversion, exercise or exchange of any other securities of Fusemachines outstanding immediately prior to the Effective Time directly or indirectly convertible into or exchangeable or exercisable for shares of Fusemachines Common Stock. The proposed new bylaws of Pubco (the “ Proposed Bylaws”) will provide that the Pubco Common Stock issued as consideration pursuant to the Merger will be subject to a lock-up for a period of the shorter period