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[8-K] Fusemachines Inc. Reports Material Event

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(High)
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Form Type
8-K

Rhea-AI Filing Summary

Fusemachines Inc. entered into an amendment to its existing Forward Purchase Agreement with Meteora-affiliated funds, changing how the deal’s “Termination Price” is set. Previously fixed at $12.00, this price will now reset on the first trading day of each week to the lower of $12.00 or the prior week’s volume-weighted average price, subject to a floor.

Shares and warrants issued under the agreement will be split into two equal tranches, one with a Reset Price Floor of $5.00 and another with a floor of $2.50. In a related warrant amendment, the exercise price on the Meteora shortfall common stock purchase warrant was reduced from $12.00 per share to $10.00 per share.

Positive

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Insights

Fusemachines ties forward price to VWAP and lowers a Meteora warrant strike.

The company revised its Forward Purchase Agreement so the Termination Price is no longer a fixed $12.00. Instead, it resets weekly to the lower of $12.00 and the prior week’s volume-weighted average price, with separate floors for two equal tranches.

One tranche carries a Reset Price Floor of $5.00 and the other $2.50, which defines the minimum price used for each slice of shares and warrants issued under this structure. Separately, the shortfall common stock purchase warrant issued to Meteora parties now has its exercise price reduced from $12.00 to $10.00 per share.

The changes are fully documented in the filed amendments to the Forward Purchase Agreement and warrant, and any actual effect will depend on future trading prices and how the Meteora parties use their rights under these instruments.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (date of earliest event reported) February 4, 2026 (February 3, 2026)

 

FUSEMACHINES INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-42909   98-1602789

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification Number)

 

251 West 30th Street, 5th Floor

New York. New York 10001

(Address of principal executive offices and zip code)

 

(347) 212-5075

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.0001 per share   FUSE   Nasdaq Stock Market LLC
Warrants to purchase shares of Common Stock   FUSEW   Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

As previously disclosed, on July 31, 2025, in connection with Business Combination, CSLM Acquisition Corp., a Cayman Islands exempted company (“CSLM”), CSLM Holdings, Inc., a Delaware corporation, now Fusemachines Inc., a Delaware corporation (“Fusemachines”), and Fusemachines Inc., a Delaware corporation, now Fusemachines USA Inc., entered into a forward purchase agreement (the “Forward Purchase Agreement”) with each of Meteora Capital Partners, LP (“MCP”), Meteora Select Trading Opportunities Master, LP (“MSTO”) and Meteora Strategic Capital, LLC (“MSC”) (with MCP, MSTO and MSC collectively as “Seller” and Seller together with Fusemachines, the “Parties”) for an OTC Equity Prepaid Forward Transaction. Capitalized terms used herein but not otherwise defined shall have the meanings ascribed to such terms in the Forward Purchase Agreement.

 

On February [_], 2026, the Parties entered into an amendment to the Forward Purchase Agreement (the “FPA Amendment”). The Forward Purchase Agreement provides that the “Termination Price”, which sets the exercise price and issuance price of any warrants or shares issued pursuant to the Forward Purchase Agreement, shall be $12.00. The FPA Amendment amends the definition of the Termination Price, such that the Termination Price is adjusted on the first scheduled trading day of each calendar week to an amount equal to the lower of (i) $12.00 and (ii) volume-weighted average price of the preceding week, provided that the Termination Price will not be less than the Reset Price Floor (as defined in the Amendment). As a result, any shares and warrants issued under the Forward Purchase Agreement shall be separated into two equal tranches, one tranche having a Reset Price Floor of $5.00 and one tranche having a Reset Price Floor of $2.50.

 

Together with the FPA Amendment, the Company and the Meteora Parties entered into an amendment to the outstanding shortfall common stock purchase warrant issued by the Company to the Meteora Parties, to amend the exercise price per share of common stock from $12.00 per share to $10.00 per share (the “Warrant Amendment”).

 

The form of FPA Amendment is filed as Exhibit 10.2 to this Current Report on Form 8-K. The Form of Forward Purchase Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K. The form of Warrant Amendment is filed as Exhibit 4.1 to this Current Report on Form 8-K. The foregoing summaries of the FPA Amendment, Forward Purchase Agreement, and Warrant Amendment are subject to, and qualified in their entirety by, the full text of such documents, where applicable, which are incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

Exhibit Number   Description
4.1   Amendment No. 1 to Warrant
10.1   Forward Purchase Agreement dated July 31, 2025 between CSLM Acquisition Corp., CSLM Holdings, Inc., and Fusemachines Inc., with Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC.
10.2   Amendment No. 1 to Forward Purchase Agreement dated February 3, 2026 between Fusemachines Inc. and Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document.)

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: February 4, 2026 FUSEMACHINES INC.
       
    By: /s/ Sameer Maskey
      Sameer Maskey
      Chief Executive Officer

 

 

 

 

FAQ

What agreement did Fusemachines (FUSE) amend with Meteora entities?

Fusemachines amended its existing Forward Purchase Agreement with Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC. The amendment changes how the Termination Price is calculated and adds price floors for two equal tranches of shares and warrants issued under the arrangement.

How is the Termination Price now calculated under Fusemachines’ Forward Purchase Agreement?

The Termination Price is now reset on the first scheduled trading day of each calendar week. It equals the lower of $12.00 and the preceding week’s volume-weighted average price, but cannot fall below a specified Reset Price Floor, which differs for the two equal tranches of securities issued.

What are the Reset Price Floors in the Fusemachines Forward Purchase Agreement amendment?

Under the amendment, any shares and warrants issued are separated into two equal tranches. One tranche has a Reset Price Floor of $5.00 per share, while the other tranche has a Reset Price Floor of $2.50 per share, establishing minimum pricing levels for each tranche.

What change was made to the Meteora shortfall common stock purchase warrant for FUSE?

Fusemachines and the Meteora parties amended the outstanding shortfall common stock purchase warrant. The exercise price per share of common stock was reduced from $12.00 per share to $10.00 per share, as described in the Warrant Amendment filed as an exhibit.

Which exhibits detail Fusemachines’ Forward Purchase and warrant amendments?

The Forward Purchase Agreement dated July 31, 2025 is filed as Exhibit 10.1. Amendment No. 1 to the Forward Purchase Agreement dated February 3, 2026 is filed as Exhibit 10.2. Amendment No. 1 to the Meteora shortfall warrant is filed as Exhibit 4.1 in the same report.

Who are the Meteora parties involved in Fusemachines’ Forward Purchase Agreement?

The Meteora parties are Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC. Together with Fusemachines, they are referred to as the Parties in the Forward Purchase Agreement governing the OTC Equity Prepaid Forward Transaction described in the report.
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