Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 228

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 228
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 Ops Platform) and AI Engines (Extract, Fraud Detection), will be sold on a license basis. These products will be marketed to the verticals that Fusemachines has had success
in, such as media, retail, financial services. In 2025, these solutions are expected to be available to Fusemachines’ customers across other verticals as well. This software will be hosted within the client’s servers and domain as these
are AI software which will work with client’s private data thereby reducing the cost of hosting and data security.

The products that
Fusemachines plans to sell have been developed after recurring demands within its service client base so the company has forecasted to generate $14.7 million in 2025 increasing to $36.7 million in 2026 where it will outpace the contribution by AI
Solution.

Revenue – Fusemachines has forecasted revenue based on growth in their customer base as well as retaining existing
customers. There is an increased emphasis on product revenue related to AI Studio, Extract and Fraud Detection as the company penetrates new sectors globally.

Operating Expenses – Fusemachines forecasts operating expenses based on historical expenses for major line items and all
departments. Departments include research and development, sales and marketing and general and administrative. Fusemachines major expenses are payroll expenses and then followed by tools, marketing, rent, depreciation, professional fees.

Other Income / Expenses – Fusemachines expects this to be minimal in the short term.

Satisfaction of 80% Test

Nasdaq rules
require that CSLM’s initial business combination must be with one or more target businesses that together have an aggregate fair market value equal to at least 80% of the value of the funds in the Trust Account (excluding the deferred
underwriting commissions and taxes payable on the income earned on the funds held in the Trust Account) at the time of the execution of a definitive agreement for CSLM’s initial business combination. As of January 22, 2024, the date of the
execution of the Merger Agreement, the fair value of the funds held in the Trust Account was approximately $52,203,081 million (excluding taxes payable on the income earned on the funds held in the Trust Account at that time), and 80% thereof
represents approximately $41,762,465 million. Based on the enterprise value of Fusemachines of approximately $200 million compared to the approximately $52,203,081 in the Trust Account (excluding the taxes payable on the income earned on
the