Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 594

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 594
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 and have a contractual term of 10 years. The Common Stock Warrants were issued in August 2023. (Refer to “Note 3 - Fair Value Measurements” and “Note 12 - Long-term Debt”). Common Stock Contingent Obligation As of December 31, 2024, the Company had a contingent obligation to issue 45,000 shares of common stock upon closing of the Merger to a certain vendor (also see “Note 19 – Commitments and Contingencies”). Note 15. Revenue Under ASC 606, revenue is recognized throughout the life of the executed agreement. The Company measures revenue based on consideration specified in a contract with a customer. Furthermore, the majority of the Company’s revenues are recognized over time as services are performed. The Company recognizes revenue when a performance obligation is satisfied by transferring control of the product or service to the customer. F-83

The Company provides services to customers worldwide, with the majority of revenues being derived from contracts with customers located within the United States. The table below presents the breakdown of the Company’s revenues, based on the customer’s location (in thousands).

|                    |     | Year ended   
 December 31, |  2024 |     |   |  2023 |
|:-------------------|:----|:-------------|------:|:----|:--|------:|
| Customer locations |     |              |       |     |   |       |
| United States      |     | $            | 8,544 |     | $ | 7,165 |
| Rest of the world  |     |              |   267 |     |   |   273 |
| Total revenue      |     | $            | 8,811 |     | $ | 7,438 |

The table below presents the breakdown of the Company’s revenues, based on the customer’s service type (in thousands):

|                                      |     | Year ended   
 December 31, |  2024 |    |     |   |  2023 |    |
|:-------------------------------------|:----|:-------------|------:|---:|:----|:--|------:|---:|
| Service type                         |     |              |       |    |     |   |       |    |
| AI Solutions (Products and Services) |     | $            | 8,811 | -1 |     | $ | 7,438 | -1 |
| Total revenue                        |     |