Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 120

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 120
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 financial condition.                    |

| • |     | Fusemachines has identified material weaknesses and significant deficiencies related in our internal control                                                                                                                                         
 over financial reporting. If Fusemachines fails to remediate these material weaknesses, maintain effective internal control over financial reporting or identify additional material weakness or significant deficiency in its internal control over 
 financial reporting, Fusemachines’ ability to report its financial condition and results of operations in a timely and accurate manner could be adversely affected, investor confidence in Fusemachines company could diminish, and the value of its 
 stock may decline.                                                                                                                                                                                                                                   |

| • |     | The ability of Public Shareholders to exercise Redemption Rights with respect to a large number of Public 
 Shares may adversely affect the liquidity and trading of Pubco securities following Closing.              |

| • |     | The price of Pubco Common Stock may be volatile. |

| • |     | Fusemachines’ executive officers and directors will continue to exercise significant control over the                                                          
 company after the Business Combination, which will limit your ability to influence corporate matters and could delay or prevent a change in corporate control. |

| • |     | The requirements of being a public company may strain Pubco’s resources and distract management and we 
 will incur substantial costs as a result of being a public company.                                    |

| • |     | Sales of a substantial amount of Pubco Common Stock in the public market, particularly sales by our executive                                                    
 officers, directors and significant stockholders, or the perception that these sales could occur, could cause the market price of Pubco Common Stock to decline. |

| • |     | A decline in the price of Pubco Common Stock could affect the company’s ability to raise working capital 
 and adversely impact the company’s ability to continue operations.                                       |

| • |     | Fusemachines does not intend to pay any cash dividends in the foreseeable future and, therefore, any return on                           
 your investment in the company’s capital stock must come from increases in the fair market value and trading price of the capital stock. |

60

| • |     | If the price of Pubco Common Stock fluctuates after the Business Combination, you could lose a significant 
 part of your investment.                                                                                   |

| • |     | The public stockholders will experience immediate dilution as a consequence of the issuance of Pubco Common                                                                                                                                      
 Stock as consideration in the Business Combination and due to future issuances pursuant to the Fusemachines Equity Incentive Plan. Having a minority share position may reduce the influence that Fuse