-
Australia defends Pacific climate meeting despite doubts on attendance
-
Hong Kong democracy activist Wong pleads guilty to foreign collusion
-
Iran attacks US sites after American strikes, wedding deaths
-
World record prize winner Romantic Warrior retires from horse racing
-
Stocks drop, yields at three-decade highs on Mideast flare-up
-
5,000 US sailors arrive in Thailand after months at sea
-
EU summons Russian envoy, eyes sanctions after Germany drone 'attack'
-
Joshua Wong, Hong Kong's pro-democracy poster child
-
Stocks drop as yields and oil prices spike on Mideast flare-up
-
Nepal tunnel rescuers seek trapped workers but hit dead ends
-
Cricketers to get best rooms at Asian Games, says Japan chief
-
Zverev wins wild five-setter, Rybakina and Gauff ease through at US Open
-
Zverev out-lasts Sonego in wild five-setter to advance at US Open
-
US energy secretary arrives in Venezuela to discuss oil deal
-
Amid war, Ukrainian soldiers celebrate love at ritual wedding
-
Meloni government becomes Italy's longest-lasting
-
Venice to roll out red carpet for Clooney on opening night
-
Funerals in Nepal for missing, a week after deadly floods
-
Hong Kong democracy activist Wong pleads guilty to foreign collusion: AFP
-
US aircraft carrier arrives in Thailand after months at sea
-
Stocks sink, yields at multi-decade highs and oil spikes on Mideast flare-up
-
US aircraft carrier approaches Thai port after months at sea
-
US defends Trump Venezuela oil deal as energy secretary lands in Caracas
-
Nepal's young PM faces gravest test after flood catastrophe
-
Jubilant Monfils celebrates birthday with US Open win
-
What rainbow? LGBTQ Indonesians on edge as hostility mounts
-
The Japanese idealist behind the last deradicalisation NGO in Somalia
-
O'Connor eyes Wallabies World Cup swansong after Force return
-
Rybakina, Gauff advance as Zverev launches US Open campaign
-
Syria UXO causing death, injury every six hours: charity
-
Macron in Britain to help unveil tapestry, hold Burnham talks
-
Tiger Woods set to change not guilty plea in DUI case: court documents
-
China's Xi to hold talks with Sisi in rare visit to Egypt
-
Zelensky warns airlines Russian skies not safe due to Ukraine drones
-
Confident Gauff reaches US Open 2nd round with straight-set win
-
UK vows anti-settler measures as Israel warns of retaliation
-
US postal whistleblower warns ballot system could disrupt midterms
-
New pro Koivun among US Presidents Cup picks
-
Independent Pharmacy Cooperative Acquires USave Pharmacy Group
-
InterContinental Hotels Group PLC Announces Transaction in Own Shares - September 02
-
John Ternus takes over as Apple enters era of AI, foldable phones
-
G20 finance leaders close talks marked by US welcoming Russia
-
Second-ranked Rybakina eases into US Open 2nd round
-
From Hollywood to big time tennis: teen makes US Open debut
-
Man City sign Fernandez, Ndiaye as Premier League clubs set new spending record
-
Man City secure Premier League record deal to sign Fernandez
-
Alcaraz aims to step it up in round two of US Open title defense
-
Kaepernick says NFL 'blackballing me' decade after protest
-
Honduran judge drops corruption charges against ex-leader Hernandez
-
Atletico loan David from Juve, send Lemar to Elche
Registration Statement Filed for CSLM Acquisition Corp. Business Combination
CSLM Acquisition Corp. (Nasdaq:"CSLM") today announced that a registration statement on Form S-4 was filed with the Securities and Exchange Commission (the "SEC") on November 27, 2024.The filing was made by CSLM Holdings, Inc. ("CSLM Holdings"), a subsidiary of CSLM. CSLM Holdings will be the surviving public company following the closing of the previously announced proposed business combination with Fusemachines Inc. Following the closing of proposed business combination, CSLM Holdings will be renamed Fusemachines Inc.
About Fusemachines Inc.
Founded in 2013, Fusemachines is a provider of enterprise AI solutions, serving a wide range of industries. The company enables enterprises to undergo AI transformation through proprietary products like AI Studio and AI Engines, along with services supported by a diverse talent pool. Led by CEO and founder Dr. Sameer Maskey, PhD, an Adjunct Associate Professor at Columbia University, Fusemachines is dedicated to democratizing AI. The company is committed to providing high-quality AI education to underserved communities while helping organizations unlock their full potential with AI. Headquartered in New York, Fusemachines has a global presence, with operations spanning Asia, Canada, the USA, and Latin America.
For more information about Fusemachines and its innovative AI solutions, please visit Fusemachines.com.
About CSLM Acquisition Corp.
CSLM Acquisition Corp. is a Cayman Islands exempted company incorporated as a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of section 27A of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the U.S. Securities Exchange Act of 1934 (the "Exchange Act") that are based on beliefs and assumptions and on information currently available to CSLM and Fusemachines. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "seek" "following" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words.
Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including, without limitation, projections of market opportunity and market share; Fusemachines' or CSLM's business plans, including any plans to expand; the sources and uses of cash from the proposed transaction; the anticipated enterprise value of the combined company following the consummation of the proposed transaction; any benefits of Fusemachines' partnerships, strategies or plans; anticipated benefits of the proposed transaction; and expectations related to the terms and timing of the proposed transaction are also forward-looking statements. In addition, in order to be able to execute on its business plan, Fusemachines will be required to repay a significant amount of its current liabilities. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements.
These statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. Neither CSLM nor Fusemachines can assure you that the forward-looking statements in this communication will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others: (i) the inability of the parties to complete the business combination due to, among other things, (a) the failure to obtain required approvals from CSLM's shareholders, Fusemachines' shareholders, or any third parties whose approval is required; (b) the failure to timely obtain consent or approvals to the business combination from any governmental agencies or entities whose consent or approval is required; or (c) the inability or failure of CSLM or Fusemachines to satisfy any of the other closing conditions in the Business Combination Agreement; (ii) the occurrence of any event that could give rise to the termination of the Business Combination Agreement; (iii) the inability of the parties to recognize the anticipated benefits of the Business Combination; (iv) the amount of redemption requests made by CSLM's public shareholders and the risk that all or substantially all of CSLM' shareholders will elect to redeem their shares in connection with the transaction; (v) costs and expenses related to the transaction, including the risk that the costs and expenses will exceed current estimates; (vi) the inability of CSLM and CSLM Holdings to continue as a going concern; (vii) the risk that the transaction disrupts current plans and operations of Fusemachines as a result of the announcement and consummation of the transaction; (viii) potential claims against Fusemachines from vendors and other third parties as a result of prior agreements or other obligations of Fusemachines or its affiliates; (ix) the inability of CSLM prior to the transaction, and the CSLM Holdings following completion of the transaction, to satisfy and maintain (in the case of the CSLM) and to obtain and maintain (in the case of CSLM Holdings) the listing of their respective shares on Nasdaq; (x) the outcome of any existing or potential litigation, government or regulatory proceedings; (xi) the inability of the parties to obtain a transaction financing; (xii) the possibility that CSLM, Fusemachines, or CSLM Holdings may be adversely affected by other economic, business and/or competitive factors; (xiii) the inability of Fusemachines to manufacture, or arrange the manufacturing, of products that may be ordered by customers; (xiv) the inability of Fusemachines to retain and increase sales to existing customers, attract new customers and satisfy customers' requirements; (xv) competition from larger companies that have greater resources, technology, relationships and/or expertise; (xvi) the future financial performance of the combined company following the transaction and its ability to achieve profitability in the future; (xvii) the fact that Fusemachines is technically insolvent and may not have sufficient funds to execute on its business plan or continue its operations, the inability of Fusemachines or risk that the combined company will become solvent and continue operations following completion of the transaction; (xviii) the risk that Fusemachines' patents will expire or not be renewed; (xix) the fact that Fusemachines' assets, including its intellectual property, are subject to security interests of creditors, and the loss of such assets, particularly intellectual property, would preclude Fusemachines from conducting its business; and (xx) those other risks and uncertainties set forth in documents of CSLM or CSLM Holdings filed, or to be filed, with the SEC.
In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by CSLM, Fusemachines, or CSLM Holdings or their respective directors, officers or employees or any other person that CSLM, Fusemachines or CSLM Holdings will achieve their objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent the views of CSLM and Fusemachines as of the date of this communication. Subsequent events and developments may cause those views to change. Neither CSLM, Fusemachines nor CSLM Holdings undertakes any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
No Offer or Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and does not constitute an offer to sell or a solicitation of an offer to buy any securities of CSLM, Fusemachines or CSLM Holdings, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.
Additional Information about the Transaction and Where to Find It
In connection with the proposed Business Combination, CSLM's shareholders will be asked to vote on the proposed Business Combination. Each of CSLM, CSLM Holdings and Fusemachines urge investors, or shareholders, and other interested persons to read, when available and declared effective, the Form S-4, including the proxy statement/prospectus, any amendments thereto, and any other documents filed with the SEC, before making any voting or investment decision because these documents will contain important information about the proposed Business Combination. After the Form S-4 has been filed and declared effective, CSLM will mail the definitive proxy statement/prospectus to shareholders of CSLM as of a record date to be established for voting on the Business Combination. CSLM's shareholders will also be able to obtain a copy of such documents, without charge, by directing a request to: CSLM Acquisition Corp., 2400 E. Commercial Blvd., Ste. 900, Fort Lauderdale, Florida 33308. These documents, once available, can also be obtained, without charge, at the SEC's website www.sec.gov.
Participants in the Solicitation
CSLM and Fusemachines and their respective directors, executive officers and other persons may be deemed to be participants in the solicitation of proxies from CSLM's shareholders with respect to the proposed transaction. Information about the directors and executive officers of CSLM is set forth in its annual report on Form 10-K filed with the SEC, and is available free of charge at the SEC's website at www.sec.gov or by directing a request to: CSLM Acquisition Corp., 2400 E. Commercial Blvd., Ste. 900, Fort Lauderdale, Florida 33308. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of CSLM shareholders in connection with the proposed transaction will be set forth in CSLM's and CSLM Holdings' filings with the SEC, including the proxy statement/prospectus and other relevant materials filed with the SEC in connection with the Business Combination when they become available.
Contact Information:
CSLM Acquisition Corp.
Charles Cassel
[email protected]
Fusemachines, Inc.
Sameer Maskey
[email protected]
SOURCE: Fusemachines
F.Dubois--AMWN