- CEO
- Charles Theodore Cassel III, CFA
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2400 East Commercial Boulevard Fort Lauderdale FL United States of America 33308
- IPO Date
- Jan 13, 2022
- Business
- CSLM Acquisition Corp. CSLM Acquisition Corp. (NASDAQ:CSLMU), formerly Consilium Acquisition Corp I, Ltd., is a blank check company, or special purpose acquisition company (SPAC), incorporated in 2021 as a Cayman Islands exempted company and headquartered in Fort Lauderdale, Florida. The company has no significant current operations and focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, particularly "new economy" companies in frontier growth markets such as the Middle East North Africa, Sub-Saharan Africa, South Asia, and Southeast Asia; it targets sectors including technology, digital media, e-commerce, financial technology, digital services, lifestyle, healthcare, and wellness. Sponsored by an affiliate of Consilium Investment Management, an SEC-registered investment advisor in Fort Lauderdale, CSLM Acquisition Corp. raises capital through public offerings like its upsized $165 million initial public offering in January 2022, with units comprising one Class A ordinary share, one right, and one-half warrant, placing proceeds in trust for deployment post-combination. In recent developments, the company changed its name from Consilium Acquisition Corp I, Ltd. to CSLM Acquisition Corp. in July 2023 and entered a definitive agreement in January 2024 for a reverse merger with Fusemachines, Inc., an enterprise AI solutions provider, valuing Fusemachines at $200 million with up to $19.44 million in committed PIPE financing; the transaction, which includes multiple trust extensions through October 2025, awaits shareholder approval, SEC registration effectiveness, and Nasdaq listing under the ticker "FUSE," expected in early 2025.