Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 304

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 304
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U.S. Federal Income Tax Consequences of the Merger to U.S. Holders of Fusemachines Securities

The following discussion, “—U.S. Federal Income Tax Consequences of the Merger to U.S. Holders of Fusemachines Securities,” constitutes the opinion of Dentons US LLP, counsel to Fusemachines, as to the material U.S. federal income tax consequences of the Merger to U.S. Holders of Fusemachines securities, subject to the
limitations, exceptions, beliefs, assumptions, and qualifications described in such opinion and otherwise herein.

Neither Fusemachines,
CSLM, nor Merger Sub has requested or intends to request a ruling from the IRS as to the U.S. federal income tax consequences of the Merger. A tax opinion represents the legal judgment of counsel rendering the opinion and is not binding on the IRS.
Consequently, no assurance can be given that the IRS will not assert, or that a court would not sustain, a position that the Merger do not constitute a “reorganization.” Accordingly, each U.S. Holder is urged to consult its tax advisor
with respect to the particular tax consequence of the Merger to such holder.

Subject to the qualifications and limitations set forth
herein, the Merger should qualify as a “reorganization” within the meaning of Section 368(a) of the Code, and U.S. Holders of Fusemachines securities should generally not recognize any gain or loss as a result of the Merger. Pursuant
to the Merger, U.S. Holders of Fusemachines Common Stock and Fusemachines Preferred Stock will receive Pubco Common Stock in exchange for their Fusemachines Common Stock or Fusemachines Preferred Stock, and U.S. Holders of Company Options
will have their Company Options converted into options to acquire Pubco Common Stock. Each U.S. Holder’s tax basis in the Pubco Common Stock received in the Merger will be the same as his, her or its tax basis in Fusemachines securities
surrendered in the Merger in exchange therefor, and each U.S. Holder’s tax basis in the Converted Stock Options received in the Merger will be the same as his, her or its tax basis in Fusemachines Options surrendered in the Merger in
exchange therefor. The holding period of the Pubco Common Stock received in the Merger by the U.S. Holder will include the holding period of Fusemachines Common Stock or Fusemachines Preferred