Fusemachines Announces Closing of Business Combination and Date for Commencement of NASDAQ Listing

Rhea-AI Summary

Fusemachines (NASDAQ: FUSE) announced the closing of its business combination with CSLM Acquisition Corp. and that its common stock and warrants will begin trading on the Nasdaq Global Market under symbols FUSE and FUSEW on October 23, 2025. The combined company will operate as Fusemachines and be led by Sameer Maskey (CEO) and Christine Chambers (CFO), with a board including Maskey, Bharat Krish, Tim Gocher, Sanjay Shrestha, and Salman Alam.

Management says proceeds from the transaction will support product development, customer expansion, and enterprise client support, while the company continues AI education initiatives across global markets.

Positive

• Nasdaq listing effective October 23, 2025
• Completed business combination with CSLM Acquisition Corp.
• Proceeds committed to product development and customer expansion
• Named executive leadership: Sameer Maskey (CEO) and Christine Chambers (CFO)

Negative

• Risk of failing to maintain Nasdaq listing after the business combination
• Possible disruption to operations from the business combination
• Costs related to the business combination could impact near-term finances

Trading of Fusemachines on Nasdaq under the Symbol “FUSE” to Commence on October 23

NEW YORK, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Fusemachines Inc. (“Fusemachines” or the “Company”), a global leader of enterprise AI solutions products and services, today announced the completion of its business combination with CSLM Acquisition Corp. (Nasdaq: CSLM)(“CSLM”), a publicly-traded special purpose acquisition company. The newly combined entity will operate under the name Fusemachines Inc.

Fusemachines common stock and warrants will begin trading on the Nasdaq Global Market under the symbols “FUSE” and “FUSEW”, respectively, beginning October 23, 2025.

This milestone marks a new chapter in Fusemachines’ mission to democratize AI for all, expanding access to advanced artificial intelligence technologies, education, and innovation across global markets. The company’s public listing positions it to accelerate growth and innovation at scale. Proceeds from the transaction will fuel growth by further developing compelling products, expanding the customer footprint, and supporting the company's enterprise clients.

"Ideating and innovating with a small team to now being listed on Nasdaq, we have come a long way," said Dr. Maskey, CEO of Fusemachines. "This milestone would not have been possible without the incredible team whose dedication and resilience contribute to our global mission. It’s a defining moment for us and a powerful culmination of years of hard work and yet, just the beginning for us."

The combined company will be led by Sameer Maskey as Chief Executive Officer and Christine Chambers as Chief Financial Officer, alongside the Fusemachines executive team. The combined company’s board of directors includes Sameer Maskey, Bharat Krish, Tim Gocher, Sanjay Shrestha, and Salman Alam.

About Fusemachines

Founded in 2013, Fusemachines is a global provider of enterprise AI products and services, on a mission to democratize AI. Leveraging proprietary AI Studio and AI Engines, the company helps drive the clients’ AI Enterprise Transformation, regardless of where they are in their Digital AI journeys. With offices in North America, Asia, and Latin America, Fusemachines provides a suite of enterprise AI offerings and specialty services that allow organizations of any size to implement and scale AI. Fusemachines serves companies in industries such as healthcare, finance, retail, manufacturing, and government.

Fusemachines continues to actively pursue the mission of democratizing AI for the masses by providing high-quality AI education in underserved communities and helping organizations achieve their full potential with AI. To learn about Fusemachines, visit www.fusemachines.com

Forward-Looking Statements

This press release contains certain statements which are not historical facts, which are forward-looking statements within the meaning of the federal securities laws, for the purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These forward-looking statements include certain statements made with respect to the business combination, including the benefits of the business combination, the services offered by Fusemachines and the markets in which it operates, and Fusemachines’ projected future results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions provided for illustrative purposes only, and projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause the actual results to differ materially from the expected results. These risks and uncertainties include, but are not limited to: general economic, political and business conditions; failure to realize the anticipated benefits of the business combination; the risk that the business combination disrupts current plans and operations as a result of the announcement and consummation of the business combination; the ability of the combined company to grow and manage growth profitably and retain its key employees; the inability to maintain the listing of Fusemachines’ securities on Nasdaq following the business combination; costs related to the business combination; and those factors discussed in the final prospectus/proxy statement (File No. 333-283520 and 333-283520-01), dated July 1, 2025, and filed with the Securities and Exchange Commission (the “SEC”) by Fusemachines and CSLM Holdings, Inc. on July 3, 2025 and, in subsequent filings and reports made with the SEC, from time to time. While Fusemachines may elect to update these forward-looking statements at some point in the future, Fusemachines specifically disclaims any obligation to do so.

Media Contact:
Akshath Bahadur Chhetri
akshath@fusemachines.com
+1 347 212-5075

Investor Contact:
Gateway Group
Ralf Esper
FUSE@gateway-grp.com
+1 949-574-3860

FAQ

When will Fusemachines (FUSE) begin trading on Nasdaq?

Fusemachines common stock and warrants begin trading on October 23, 2025 under FUSE and FUSEW.

What transaction did Fusemachines complete to list as FUSE on Nasdaq?

Fusemachines closed a business combination with CSLM Acquisition Corp. and the combined company will operate as Fusemachines.

Who will lead Fusemachines after the CSLM business combination (FUSE)?

Sameer Maskey will be CEO and Christine Chambers will be CFO of the combined company.

How will proceeds from the transaction be used by Fusemachines (FUSE)?

Proceeds will fund product development, expand the customer footprint, and support enterprise clients.

Does the Fusemachines press release list risks after the business combination?

Yes; it cites risks including failure to realize benefits, possible disruption to operations, costs of the deal, and inability to maintain the Nasdaq listing.