Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 6

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 6
---
 are issued and outstanding immediately prior to the Effective Time; plus (b) the aggregate number of shares of Fusemachines Common Stock issuable upon conversion of all
shares of Fusemachines Preferred Stock that are issued and outstanding immediately prior to the Effective Time; plus (c) the aggregate number of shares of Fusemachines Common Stock issuable upon full exercise of all Fusemachines Options
(whether vested or unvested); plus (d) the aggregate number of shares of Fusemachines Common Stock issuable upon full conversion of all Company Convertible Notes that are outstanding immediately prior to the Effective Time; plus (e) the
aggregate number of shares of Fusemachines Common Stock issuable upon full conversion, exercise or exchange of any other securities of the Fusemachines outstanding immediately prior to the Effective Time directly or indirectly convertible into or
exchangeable or exercisable for shares of Fusemachines Common Stock. The proposed new bylaws of Pubco (the “Proposed Bylaws”) will provide that the Pubco Common Stock issued as consideration pursuant to the Merger will be subject to
a lock-up for a period of the shorter period of (i) one year after the Closing Date and (ii) subsequent to the Closing Date, (x) if the last reported sale price of Pubco Common Stock equals or exceeds $12.00 per share (as
adjusted for share sub-divisions, share dividends, rights issuances, reorganizations, recapitalizations and other similar transactions) for any 20 trading days within any 30-trading day period commencing at least 120 days after
the Closing Date or (y) the date following the Closing Date on which the Pubco completes a liquidation, merger, share exchange, reorganization or other similar

transaction that results in all of the Pubco’s shareholders having the right to exchange their Pubco Common Stock for cash, securities or other property. The board of directors of Pubco may,
in its sole discretion, determine to waive, amend or repeal such lock-up obligations, whether in whole or in part.

The Sponsor Support Agreement provides that the Pubco Common Stock owned by the Sponsor shall be subject to
a “lock-up” of the same duration and terms as those set forth in the Proposed Bylaws with respect to Pubco Common Stock issued as consideration in the Merger.

Second Amendment to the Merger Agreement

On February 4, 2025, CSLM entered into a second amendment to the Merger Agreement (the “2nd Amendment