Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 654

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 654
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 in a contract with a customer. Furthermore, the majority of the Company’s revenues are recognized over time as services are performed. The Company recognizes revenue when a performance obligation is satisfied by transferring control of the product or service to the customer. F-130

The Company provides services to customers worldwide, with the majority of revenues being derived from contracts with customers located within the United States. The table below presents the breakdown of the Company’s revenues, based on the customer’s location (in thousands).

| Customer locations |     | Three Months Ended March 31, 
 2025                         |       |     | 2024 |       |
|:-------------------|:----|:-----------------------------|------:|:----|:-----|------:|
| United States      |     | $                            | 1,881 |     | $    | 1,872 |
| Rest of the world  |     |                              |    73 |     |      |    46 |
| Total revenue      |     | $                            | 1,954 |     | $    | 1,918 |

The table below presents the breakdown of the Company’s revenues, based on the customer’s service type (in thousands):

|                                      |     | Three month ended March 31, |  2025 |     |   |  2024 |
|:-------------------------------------|:----|:----------------------------|------:|:----|:--|------:|
| Service type                         |     |                             |       |     |   |       |
| AI Solutions (Products and Services) |     | $                           | 1,954 |     | $ | 1,918 |
| Total revenue                        |     | $                           | 1,954 |     | $ | 1,918 |

Service Type During the three months ended March 31, 2025, and 2024, the Company had one significant service type, AI Solutions (products and services). For the three months ended March 31, 2025, and 2024, there were $1,954 thousand and $1,918 thousand of AI Solutions (products and services) revenue during the three months ended March 31, 2025 and 2024, respectively. The company had insignificant revenue from AI Solutions – Products for the three months ended March 31, 2025, and 2024, respectively. The revenue recognised for AI education services were Nil during the three months ended March 31, 2025,