Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 329

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 329
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 CSLM, will be treated as the acquired company for accounting purposes, whereas Fusemachines will be treated as the accounting acquirer. In accordance with this method of accounting, the Business Combination will be treated as the equivalent of Fusemachines issuing shares for the net assets of CSLM, accompanied by a recapitalization. The net assets of Fusemachines will be stated at historical cost, with no goodwill or other intangible assets recorded, and operations prior to the Business Combination will be those of Fusemachines. Fusemachines has been determined to be the accounting acquirer for purposes of the Business Combination based on an evaluation of the following facts and circumstances:

| • |     | Under the No Additional Redemption Scenario and Maximum Redemption Scenario, legacy Fusemachines stockholders                          
 will have a majority of the voting interest in Fusemachines Pubco with approximately 51% and 53% of the voting interest, respectively. |

| • |     | Following the consummation of the Business Combination, the equity interests of the Fusemachines Chief                                                                                                                                       
 Executive Officer are expected to represent the largest single voting interest in Fusemachines Pubco. Fusemachines’ Chief Executive Officer’s equity interests are expected to represent approximately 21% and 22% of the voting interest in 
 Fusemachines Pubco in the scenarios assuming no additional redemptions and maximum redemptions, respectively.                                                                                                                                |

| • |     | Fusemachines will designate four out of the five members of the Board of Directors of Fusemachines Pubco. |

| • |     | The officers of Fusemachines will continue as the officers of Fusemachines Pubco. |

| • |     | The intended strategy of Fusemachines Pubco will be to continue to focus on Fusemachines’ core product 
 offerings.                                                                                             |

The pro forma notes and adjustments, based on preliminary estimates that could change materially as additional information is obtained, are as follows: Pro Forma Adjustments for Financing Transactions:

| (aaa) | To reflect, in the No Additional Redemption Scenario, the expected Sponsor PIPE Investment of                                                                                                                                                      
 $8.8 million expected to be received on the Closing Date for 884,000 shares of Fusemachines Pubco Common Stock at $10.00 per share, assuming no shares are redeemed for cash at the Closing of the Business Combination. This expected issuance of 
 shares will result in a $0 thousand adjustment within the Fusemachines Pubco Common Stock, par value $0.0001 line item due