Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 664

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 664
---
 |
| Amortization of                                            
 right-of-use assets                                        |     |                      |  21 |   |     |      |  42 |   |
| Change in operating lease liability                        |     |                      | (16 | ) |     |      | (35 | ) |
| Supplemental non-cash amounts of lease liabilities arising 
 from obtaining right-of-use assets                         |     |                      |   — |   |     |      |   — |   |

Future minimum lease payments required under operating leases are as follows (in thousands):

| Year Ended December 31,                        
 2025 (remaining)                               |     | Future Minimum Rents |   120 |   |
|:-----------------------------------------------|:----|:---------------------|------:|:--|
| 2026                                           |     |                      |   167 |   |
| 2027                                           |     |                      |   175 |   |
| 2028                                           |     |                      |   184 |   |
| 2029                                           |     |                      |   194 |   |
| 2030 and thereafter                            |     |                      |   453 |   |
| Total minimum lease payments                   |     |                      | 1,293 |   |
| Less: effects of discounting                   |     |                      |  (357 | ) |
| Present value of future minimum lease payments |     |                      |   936 |   |

F-138

Note 18. Related Parties

2015 Convertible Promissory Note

In October 2015, the Company issued a convertible promissory note to Sanjay Shrestha, a member of the Company’s board of directors, with a
principal amount of $25.0 thousand, that was convertible to 38,037 shares of Series Seed-2 Convertible Preferred Stock at a conversion rate of $0.6704 per share (the “Related Party Convertible
Note”). In February 2023, the Company’s board of directors formally approved the conversion of the Related Party Convertible Note and issued the shares to Sanjay Shrestha.

Related Party Convertible Notes

In October 2019 and September 2021, the Company entered into two convertible promissory note agreements (the “Related Party Convertible
Notes Payable”) with a lender. As of March 31, 2025 and December 31, 2024, the lender was considered a principal owner of the Company because it held greater than