Fri, Apr 11, 9:04 PM (15 days ago)
**CSLM Acquisition Corp. (CSLMF)** **Financial Performance:** - **Revenue:** N/A (No operating revenues as of December 31, 2024) - **Net Income:** $172,315 for the year ended December 31, 2024 (down from $4,626,782 in 2023) - **Operating Expenses:** $1,860,192 for 2024 (up from $1,648,438 in 2023) - **Earnings per Share (EPS):** $0.47 for Class A redeemable shares and $(0.31) for non-redeemable Class A shares for 2024 **Strategic Overview:** - **Business Model:** CSLM is a blank check company (SPAC) incorporated to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. - **Target Market:** Focuses on Frontier Growth Markets, aiming to capitalize on disruptive new economy companies benefiting from favorable macroeconomic trends. - **Merger Agreement:** Signed a Merger Agreement with Fusemachines Inc., a global provider of enterprise AI products and solutions, aiming to complete the business combination. **Future Outlook:** - **Business Combination:** Aims to complete the business combination with Fusemachines Inc., subject to regulatory approvals and shareholder votes. - **Financial Condition:** Faces substantial doubt about its ability to continue as a going concern due to accumulated losses and limited cash reserves. - **Risk Factors:** Includes risks related to the search for and consummation of a business combination, market conditions, regulatory environment, and operational challenges. **Risk Factors:** - **Market Risks:** Dependence on the successful completion of a business combination within the prescribed time frame. - **Operational Risks:** Limited ability to evaluate the target's management team and operational challenges post-combination. - **Financial Risks:** Substantial doubt about the ability to continue as a going concern due to accumulated losses and limited cash reserves. - **Regulatory Risks:** Potential impact of U.S. foreign investment regulations and review by entities like CFIUS. **Market Position Changes:** - **Stock Performance:** Trading on the OTC Markets Group under the symbol "CSLMF" after being delisted from Nasdaq. - **Shareholder Base:** Limited public shareholder base, with significant holdings by initial shareholders and affiliates.