Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 607

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 607
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F-93

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

| Year Ended December 31,                        
 2025                                           |     | Future Minimum Rents |   159 |   |
|:-----------------------------------------------|:----|:---------------------|------:|:--|
| 2026                                           |     |                      |   167 |   |
| 2027                                           |     |                      |   175 |   |
| 2028                                           |     |                      |   184 |   |
| 2029                                           |     |                      |   193 |   |
| 2030 and thereafter                            |     |                      |   453 |   |
| Total minimum lease payments                   |     |                      | 1,331 |   |
| Less: effects of discounting                   |     |                      |  (379 | ) |
| Present value of future minimum lease payments |     |                      |   952 |   |

Note 21. 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-2Convertible 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 December 31, 2024 and December 31, 2023, the lender was considered a principal owner of the Company because it held greater than 10% of voting common stock of the Company. The related party convertible notes payable were $6,524.0 thousand and $3,764.0 thousand, as of December 31, 2024 and December 31, 2023, respectively, recorded in “Related party convertible notes payable, at fair value” in the consolidated balance sheet. Refer to “Note 12 – Long-Term Debt” “Convertible Notes at Fair Value” section. 2021 Investment Agreement In January 2021, Fuse