Company: CSLMF
Filing Date: 2025-07-03
Form Type: DEFM14A
Source: 0001193125-25-155514
Chunk: 48

Company: CSLM ACQUISITION CORP.
Filing Date: 2025-07-03
Form: DEFM14A
Chunk 48
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 PIPE Investment Amount.     |

| (4) | Consists of Fusemachines Pubco Common Stock arising from the exchange of shares of Fusemachines Common Stock                                                                                                                                 
 and Fusemachines preferred stock immediately prior to Closing. The shares of Fusemachines Common Stock are inclusive of shares to be issued as a result of conversion of certain outstanding Fusemachines convertible notes whereby all such 
 aforementioned Fusemachines Common Stock is subsequently and immediately exchanged for Fusemachines Pubco Common Stock immediately prior to the Closing.                                                                                     |

Stockholders will experience additional dilution to the extent Pubco issues additional shares of Common Stock after the closing of the Business Combination. The table above excludes any shares of Common Stock that will be issuable upon the exercise of the 3,971,250 Private Warrants and 9,487,500 Public Warrants. For more information, please see the sections entitled “ Unaudited Pro Forma Condensed Combined Financial Information” and “ Proposal 1 — The Business Combination Proposal — Ownership After the Closing.” All of the relative percentages above are for illustrative purposes only and are based upon certain assumptions as described in the section entitled “ Unaudited Condensed Combined Pro Forma Financial Information”. For more information, including the ownership percentages in the no additional redemptions scenario and the effect of certain dilutive securities, see the section entitled “ The Business Combination Proposal — Ownership of Pubco after the Closing”.

| Q. | Will the Sponsor receive compensation in connection with the Merger ? |

| A. | Yes. Following the execution of the Merger Agreement, and as a condition to Closing, an                                                                                                                                                                  
 affiliate of Consilium Acquisition Sponsor I, LLC, a Cayman Islands limited liability company and the Sponsor of CSLM (our “Sponsor”) provided to Fusemachines loans in an aggregate amount of $6.5 million in the form of convertible                   
 promissory notes, of which $4.5 million is being used by Fusemachines for general corporate purposes, including debt repayment, and $2.0 million is being used by Fusemachines to repurchase certain Fusemachines shares from Mr. Maskey, the Chief      
 Executive Officer of Fusemachines (collectively, the “Sponsor Convertible Notes”), and contemporaneously therewith, Mr. Maskey entered into a pledge agreement with the Sponsor and Fusemachines (the “Pledge                                            
 Agreement”), pursuant to which Mr. Maskey pledged certain shares of Company Common Stock held by him to secure Fusemachines