Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 567

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 567
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 at least 10% of the Company’s consolidated revenue, respectively. These customers accounted for approximately 23.18% and
23 % of the Company’s total revenue of the respective periods.

The Company pays its suppliers on normal commercial terms and
does not believe that there is any significant supply risk from its suppliers. For the year ended December 31, 2024 and 2023, the Company had three and one suppliers whose account payable accounted for at least 10% of the Company’s
consolidated account payables, respectively. These suppliers accounted for approximately 61.43% and 33.24% of the Company’s total payables for the respective periods.

Foreign currency risk- The Company’s global operations are conducted predominantly in U.S. dollars. While revenue is
generated in U.S. dollars, the Company incurs expenses in other currencies, principally, Nepalese rupees and Canadian dollars. The Company’s international operations expose it to risk of adverse fluctuations in foreign currency exchange rates
through the remeasurement of foreign currency denominated assets and liabilities (both third-party and intercompany) and translation of earnings and cash flows into U.S. dollars.

Interest rate risk- The Company is exposed to market risk from changes in interest rates. Exposure to interest rate risk
results primarily from variable rates related to cash, short-term investments, and the Company’s borrowings. The Company does not believe it is exposed to material direct risks associated with changes in interest rates related to these
deposits, investments and borrowings.

Leases

The Company’s lease portfolio includes two real estate leases under operating lease agreements. At the inception of a contract, the
Company assesses whether the contract is, or contains, a lease. The Company’s assessment is based on whether: (i) the contract involves the use of a distinct identified asset, (ii) the Company obtains the right to substantially all
the economic benefit from the use of the asset throughout the term of the contract, and (iii) the Company has the right to direct the use of the asset.

Upon the adoption of ASC 842, the Company elected the package of practical expedients to not (i) reassess whether any expired or existing
contracts are or contain a lease, (ii) reassess historical lease classifications for existing leases, and (iii) reassess initial direct costs for existing leases. The Company also elected the practical expedient to account for lease and non-lease components as a single lease component. Accordingly, the Company