Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 417

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 417
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 in operating activities for the quarter ended March 31, 2024, was $1.46 million. This amount was primarily related to (i) a net loss of $3.3 million; offset by (ii) depreciation and amortization of $0.04 million; (iii) provision for credit losses of $0.09 million; (iv) stock-based compensation of $0.55 million; (v) equity 265

method investment obtained in exchange for services of $0.07 million; (vi) change in fair value of common stock warrant liability of $0.45 million (vii) changes in fair value of Convertible Notes at Fair Value of $0.36 million; (viii) amortization of right-of-useassets of $0.04 million; (ix) loss on extinguishment of debt of $0.60 million (x) accretion of cumulative mandatorily redeemable common and preferred stock liability of $0.02 million and (xi) working capital changes of $0.05 million. Investing Activities Net cash used in investing activities during the quarter ended March 31, 2025, was $0.02 million compared to $0.06 million during the quarter ended March 31, 2024. The $0.02 million net cash used in investing activities in 2025 consisted of $0.02 million in costs capitalized for internally developed software and $0.001 million in purchases of property and equipment. Net cash used in investing activities for the quarter ended March 31, 2024, was $0.06 million and consisted of purchases of property and equipment of $0.009 million, disposal of property and equipment of $0.003 million, costs capitalized for internally developed software of $0.03 million and Payment made to Capital Creditors $0.02 million. Financing Activities Net cash provided by financing activities was $0.18 million in the quarter ended March 31, 2025, compared to $1.46 million in March 2024, representing a decrease of $1.28 million over the respective periods. The decrease in cash flow from financing activities was primarily due to the absence of financing events in the current quarter that were present in the prior quarter (refer below for breakup of cash flow from financing activities in prior quarter). The $0.18 million net cash provided by financing activities for the quarter ended March 31, 2025 consisted of proceeds from convertible notes payable of $0.18 million