Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 134

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 134
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 incur substantial costs in redesigning the software, cause us to lose significant customers, subject us to liability for damages and divert our resources from other tasks, any one of which could materially and adversely affect our business,
results of operations and financial condition. In addition, our platforms could be perceived to be ineffective for a variety of reasons outside of our control. Hackers or other malicious parties could circumvent our or our customers’ security
measures, and customers may misuse our platforms resulting in a security breach or perceived product failure. Alleviating any of these problems could require additional significant expenditures of

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our capital and other resources and could cause interruptions, delays, or cessation of our product licensing, which could cause us to lose existing or potential customers and could adversely
affect our business, financial condition, results of operations, and growth prospects.

Fusemachines has not been profitable in the past and may not achieve or maintain profitability in the future.

We had a comprehensive loss of approximately $6.77 million and
approximately $0.64 million for the years ended December 31, 2023 and December 31, 2022, respectively.

There can be no
assurance that Fusemachines will ever achieve the level of revenues needed to be profitable in the future and if profitability is achieved, that it will be sustained. Fusemachines’ revenues have fluctuated and are likely to continue to
fluctuate significantly from quarter to quarter and from year to year. Fusemachines will need to obtain additional capital and increase sales to become profitable.

Fusemachines requires substantial additional funding, which may not be available to Fusemachines on acceptable terms, or at all, and, if not so available, may require Fusemachines to delay, limit, reduce or cease its operations.

Fusemachines has limited financial resources.
There can be no assurance that sufficient funding will be available to us to fund our operating expenses and to further develop our business. Unless we achieve substantial profitability, we anticipate that we will likely need to raise additional
capital to fund our operations while we implement and execute our business plan. Other than the proposed PIPE Investment, we currently do not have any contracts or commitments for additional financing. In addition, any additional equity financing
may involve substantial dilution to our existing shareholders. There can be no assurance that such additional capital will be available on a timely basis or on terms that will be acceptable to us. Failure to obtain such additional financing could
result in delay or indefinite postponement of operations or the further development