Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 247

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 247
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),
then Sponsor and CSLM shall pay to (and Sponsor and CSLM shall be jointly and severally liable for) Fusemachines a termination fee in the amount equal to $1,000,000 (which fee shall be payable within two (2) Business Days after such
termination).

Governance

The
executive management of Fusemachines is expected to serve as the executive management of Pubco following the Closing. Pursuant to the Merger Agreement, Pubco’s board of directors will consist of five members, with the Sponsor having the right
to designate one independent director and the remaining directors shall be designated by Fusemachines. At least a majority of the board of directors shall qualify as independent directors under the Securities Act and Nasdaq rules, as applicable.
Pursuant to the CSLM Certificate of Incorporation, the CSLM’s Board of Directors will be a classified board with three classes of directors, with (I) one class of directors, the Class I Directors, initially serving until the first annual
meeting of Pubco shareholders occurring after the Closing, such term effective from the Closing (but any subsequent Class I Directors serving a three (3) year term), (II) a second class of directors, the Class II Directors, initially serving
until the second annual meeting of Pubco shareholders occurring after the Closing, such term effective from the Closing (but any subsequent Class II Directors serving a three (3) year term), and (III) a third class of directors, the Class III
Directors, serving until the third annual meeting of Pubco shareholders occurring after the Closing, such term effective from the Closing (and with any subsequent Class III Directors serving a three (3) year term). The director designated by
the Sponsor shall be a Class III Director.

Timeframes for Filing and Closing

The Closing is expected to occur following the fulfillment or waiver of the closing conditions set forth in the Merger Agreement.

This section describes certain additional agreements entered into or to be entered into pursuant to the Merger Agreement, but does not purport to describe all of the terms thereof. The following summary is qualified in its

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entirety by reference to the complete text of each of the agreements. The full text of the below related agreements, or forms thereof, are filed as annexes to this proxy statement/prospectus or as exhibits to the registration statement of which this proxy statement/prospectus forms a part, and the following descriptions are qualified in their entirety by the full text of such annexes and