Fusemachines Files Q3 2025 Quarterly Report and Discloses Nasdaq Notice
Rhea-AI Summary
Fusemachines (NASDAQ:FUSE) disclosed that on November 24, 2025 it received a Nasdaq notice for noncompliance with Listing Rule 5250(c)(1) due to a late Quarterly Report on Form 10-Q for the period ended September 30, 2025. The Company filed the Form 10-Q on November 28, 2025 and stated it believes the notice has no impact on listing or trading of its shares. The announcement was made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt public disclosure of receipt of such notices.
Positive
- Filed Form 10-Q on November 28, 2025
- Company states no impact on listing or trading of securities
Negative
- Received Nasdaq notice for noncompliance with Rule 5250(c)(1) on November 24, 2025
- Quarterly Report for period ended Sept 30, 2025 was not filed timely
News Market Reaction
On the day this news was published, FUSE declined 9.84%, reflecting a notable negative market reaction. This price movement removed approximately $5M from the company's valuation, bringing the market cap to $48M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 01 | Strategic partnership | Positive | -9.8% | AI Studio integration partnership with RentRedi for real estate landlords. |
| Nov 28 | Compliance notice | Negative | -9.8% | Disclosure of Nasdaq noncompliance notice for late Form 10‑Q filing. |
| Nov 10 | Reseller agreement | Positive | +8.9% | Genese Solution joins as Authorized Reseller for AI Studio and AI Engines. |
| Oct 30 | Program launch | Positive | -15.5% | Launch of global reseller network for AI Studio and AI Engines. |
| Oct 23 | Nasdaq listing | Positive | -60.0% | Start of trading on Nasdaq following business combination transaction. |
Recent history shows several sharp negative moves following generally positive strategic announcements, suggesting a pattern of selling into good news while operational or listing-related updates sometimes align with downside.
This announcement fits a period of rapid corporate change for Fusemachines. Since beginning Nasdaq trading on October 23, 2025, the company has launched a global reseller network, added Genese Solution as an Authorized Reseller, and announced a strategic partnership with RentRedi to integrate AI Studio for Real Estate. Market reactions have been volatile, including a -60% move on the Nasdaq debut and double‑digit swings around AI distribution initiatives. The current notice about a late Form 10‑Q, which the company states has been cured, adds to a dense sequence of listing and growth milestones.
Market Pulse Summary
The stock moved -9.8% in the session following this news. A negative reaction despite the Form 10‑Q having been filed would fit a pattern where the stock has often seen sharp downside around company updates. The notice underscores existing risks highlighted in recent filings, including a net loss of $19.8 million in Q3 2025 and a shareholders’ deficit of $42.6 million. Prior events have triggered double‑digit declines, so pressure following renewed focus on compliance and financial strain would be consistent with recent trading behavior.
Key Terms
nasdaq listing rule 5250(c)(1) regulatory
form 10‑q regulatory
u.s. securities and exchange commission regulatory
AI-generated analysis. Not financial advice.
NEW YORK, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Fusemachines Inc. (“Fusemachines” or the “Company”) (NASDAQ:FUSE), a leading provider of enterprise AI products and services, today announced that on November 24, 2025, it received a notification letter (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not timely filed its Quarterly Report on Form 10‑Q for the period ended September 30, 2025 (the “Form 10‑Q”) with the U.S. Securities and Exchange Commission (“SEC”).
Following receipt of the Notice, the Company filed the Form 10‑Q with the SEC on November 28, 2025. As a result, the Company believes the Notice has no impact on the listing or trading of the Company’s securities on Nasdaq.
This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of the Notice.
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 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: Fusemachines’ ability to develop and scale AI technologies and products, gain and retain enterprise customers, compete in rapidly evolving AI and software markets, manage global operations and data-privacy obligations, protect intellectual property, and respond to economic and regulatory changes; the benefits and cost savings from Fusemachines’ products and services; the integration process of Fusemachines’ solutions with existing infrastructure; general economic, political and business conditions; the Company’s ability to maintain compliance with applicable SEC and Nasdaq rules and requirements; 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, in the Current Report on Form 8-K filed by Fusemachines with the SEC on October 23, 2025 (as amended November 28, 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:
+1 347 212-5075
Investor Contact:
Gateway Group
Ralf Esper
+1 949-574-3860
FAQ
Why did Fusemachines (FUSE) receive a Nasdaq notice on November 24, 2025?
When did Fusemachines (FUSE) file the late Form 10-Q?
Does the Nasdaq notice affect Fusemachines (FUSE) listing or trading?
What Nasdaq rule requires disclosure of receiving a notice for FUSE?
What Listing Rule did Fusemachines allegedly fail to comply with?
