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CSLM Acquisition Corp. Files S-4 Registration Statement for NASDAQ Listing

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CSLM Acquisition Corp. (Nasdaq: CSLM) has taken a significant step towards its proposed business combination with Fusemachines, Inc. The company announced on September 16, 2024, that it confidentially submitted a draft registration statement on Form S-4 to the Securities and Exchange Commission (SEC) on September 3, 2024. This filing is related to the previously announced merger, which aims to result in the public listing of the newly merged companies ('Pubco') on the NASDAQ exchange.

This move marks a important phase in the merger process, as the S-4 registration statement typically contains detailed information about the business combination, including financial statements, risk factors, and terms of the transaction. The confidential submission allows the companies to work with the SEC to address any potential issues before making the information public.

CSLM Acquisition Corp. (Nasdaq: CSLM) ha compiuto un passo significativo verso la sua proposta di fusione con Fusemachines, Inc. L'azienda ha annunciato il 16 settembre 2024 di aver presentato riservatamente un progetto di dichiarazione di registrazione sul modulo S-4 alla Securities and Exchange Commission (SEC) il 3 settembre 2024. Questa presentazione è legata alla fusione precedentemente annunciata, che mira a portare alla quotazione pubblica delle nuove aziende fuse ('Pubco') sul mercato NASDAQ.

Questo passaggio segna una fase importante nel processo di fusione, poiché la dichiarazione di registrazione S-4 contiene tipicamente informazioni dettagliate sulla combinazione aziendale, inclusi i bilanci, i fattori di rischio e i termini della transazione. La presentazione riservata consente alle aziende di collaborare con la SEC per affrontare eventuali problemi potenziali prima di rendere le informazioni pubbliche.

CSLM Acquisition Corp. (Nasdaq: CSLM) ha dado un paso significativo hacia su propuesta de fusión con Fusemachines, Inc. La compañía anunció el 16 de septiembre de 2024 que había presentado de manera confidencial un borrador de declaración de registro en el formulario S-4 a la Securities and Exchange Commission (SEC) el 3 de septiembre de 2024. Esta presentación está relacionada con la fusión previamente anunciada, que tiene como objetivo resultar en la cotización pública de las nuevas empresas fusionadas ('Pubco') en la bolsa NASDAQ.

Este movimiento marca una fase importante en el proceso de fusión, ya que la declaración de registro S-4 generalmente contiene información detallada sobre la combinación de negocios, incluyendo estados financieros, factores de riesgo y términos de la transacción. La presentación confidencial permite a las empresas trabajar con la SEC para abordar cualquier problema potencial antes de hacer la información pública.

CSLM 인수 법인(CSLM Acquisition Corp.)(Nasdaq: CSLM)은 Fusemachines, Inc.와의 제안된 사업 결합을 향한 중요한 단계를 밟았습니다. 이 회사는 2024년 9월 16일 SEC(증권 거래 위원회)에 2024년 9월 3일자 S-4 양식의 등록 신청서 초안을 비밀리에 제출했다고 발표했습니다. 이 제출은 이전에 발표된 합병과 관련이 있으며, 새로 합병된 회사들의 상장('Pubco')를 NASDAQ에 상장하는 것을 목표로 하고 있습니다.

이번 조치는 합병 과정에서 중요한 단계로, S-4 등록 신청서에는 사업 결합에 대한 자세한 정보, 재무 제표, 위험 요소 및 거래 조건이 포함되어 있습니다. 비밀 제출은 회사들이 SEC와 협력하여 정보를 공개하기 전에 잠재적인 문제를 다룰 수 있게 해줍니다.

CSLM Acquisition Corp. (Nasdaq: CSLM) a franch une étape importante vers sa proposition de combinaison d'affaires avec Fusemachines, Inc. La société a annoncé le 16 septembre 2024 avoir soumis de manière confidentielle un projet de déclaration d'enregistrement au formulaire S-4 à la Securities and Exchange Commission (SEC) le 3 septembre 2024. Ce dépôt est lié à la fusion précédemment annoncée, qui vise à aboutir à la cotation publique des nouvelles entreprises fusionnées ('Pubco') sur la bourse NASDAQ.

Cette démarche marque une phase significative dans le processus de fusion, car la déclaration d'enregistrement S-4 contient généralement des informations détaillées sur la combinaison d'affaires, y compris les états financiers, les facteurs de risque et les conditions de la transaction. La soumission confidentielle permet aux entreprises de travailler avec la SEC pour régler d'éventuels problèmes avant de rendre les informations publiques.

CSLM Acquisition Corp. (Nasdaq: CSLM) hat einen bedeutenden Schritt in Richtung seiner vorgeschlagenen Unternehmensfusion mit Fusemachines, Inc. gemacht. Das Unternehmen gab am 16. September 2024 bekannt, dass es am 3. September 2024 vertraulich einen Entwurf einer Registrierungserklärung auf Formular S-4 bei der Securities and Exchange Commission (SEC) eingereicht hat. Diese Einreichung steht im Zusammenhang mit der zuvor angekündigten Fusion, die darauf abzielt, die börsliche Notierung der neu fusionierten Unternehmen ('Pubco') an der NASDAQ zu erreichen.

Dieser Schritt markiert eine wichtige Phase im Fusionsprozess, da die S-4-Registrierungserklärung typischerweise detaillierte Informationen über die Unternehmenszusammenschluss enthält, einschließlich Finanzberichte, Risikofaktoren und Transaktionsbedingungen. Die vertrauliche Einreichung ermöglicht es den Unternehmen, mit der SEC zusammenzuarbeiten, um potenzielle Probleme zu klären, bevor die Informationen veröffentlicht werden.

Positive
  • CSLM is progressing with its proposed business combination with Fusemachines
  • The merger is expected to result in a public listing on NASDAQ
  • Confidential S-4 filing allows for SEC review before public disclosure
Negative
  • None.

NEW YORK, Sept. 16, 2024 /PRNewswire/ -- CSLM Acquisition Corp. (Nasdaq: CSLM) today announced that it has confidentially submitted a draft registration statement on Form S-4 with the Securities and Exchange Commission (the "SEC") on September 3, 2024 relating to its previously announced proposed business combination with Fusemachines, Inc. which will result in the public listing of the newly merged companies ("Pubco").

About Fusemachines, Inc.

Founded in 2013, Fusemachines is a global 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 global 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" 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's or Pubco'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's 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' shareholders, Fusemachines's members, 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) or  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' 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 Pubco 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 Pubco following completion of the transaction, to satisfy and maintain (in the case of the CSLM) and to obtain and maintain (in the case of Pubco) 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 Pubco 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's patents will expire or not be renewed; (xix) the fact that Fusemachines's 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 Pubco 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 Pubco or their respective directors, officers or employees or any other person that CSLM, Fusemachines or Pubco 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 Pubco 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 Pubco, 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, which will include a preliminary prospectus with respect to its securities to be issued in connection with the Business Combination and a preliminary proxy statement with respect to the extraordinary general meeting at which CSLM' shareholders will be asked to vote on the proposed Business Combination. Each of CSLM, Pubco and Fusemachines urge investors, shareholders or members, and other interested persons to read, when available, 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' shareholders with respect to the proposed transaction. Information about the directors and executive officers of CSLM is set forth in its final prospectus, dated as of February 13, 2023, and filed with the SEC on February 14, 2023 , 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' and Pubco's 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
ccassel@cimspac.com

Fusemachines, Inc.
Sameer Maskey
smaskey@fusemachines.com        

Cision View original content:https://www.prnewswire.com/news-releases/cslm-acquisition-corp-files-s-4-registration-statement-for-nasdaq-listing-302248973.html

SOURCE Fusemachines Inc

FAQ

What is the significance of CSLM Acquisition Corp (CSLM) filing an S-4 registration statement?

The S-4 filing is a important step in CSLM's proposed business combination with Fusemachines, Inc. It contains essential information about the merger and is required for the public listing of the combined company on NASDAQ.

When did CSLM Acquisition Corp (CSLM) submit its S-4 registration statement to the SEC?

CSLM Acquisition Corp confidentially submitted the draft S-4 registration statement to the SEC on September 3, 2024.

What is the expected outcome of the business combination between CSLM Acquisition Corp (CSLM) and Fusemachines?

The business combination is expected to result in the public listing of the newly merged companies, referred to as 'Pubco', on the NASDAQ exchange.

Why did CSLM Acquisition Corp (CSLM) choose to submit the S-4 registration statement confidentially?

Confidential submission allows CSLM and Fusemachines to work with the SEC to address any potential issues before making the information public, providing a smoother process for the merger and listing.

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