- 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
- Mar 7, 2022
- Business
- Consilium Acquisition Corp I, Ltd. (CSLMW) operates as a blank check company, or special purpose acquisition company (SPAC), whose primary business is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses; it focuses on "new economy" companies in frontier growth markets across technology, financial services, media, lifestyle, healthcare, and wellness sectors. Incorporated in 2021 as a Cayman Islands exempted company and headquartered at 2400 East Commercial Boulevard, Suite 900, Fort Lauderdale, Florida, the company has no significant current operations and targets high-growth entities seeking public market sponsorship through its sponsor affiliate, Consilium Investment Management, an SEC-registered investment advisor. Its securities, including Class A ordinary shares (CSLM), rights (CSLMR), and redeemable warrants (CSLMW), began separate trading on Nasdaq following its initial public offering in March 2022.
In July 2023, the company rebranded from Consilium Acquisition Corp I, Ltd. to CSLM Acquisition Corp., streamlining its identity amid ongoing pursuit of a target. On January 22, 2024, it entered a definitive merger agreement with Fusemachines Inc., a provider of enterprise AI products and solutions, under which a wholly-owned merger subsidiary of CSLM would merge with Fusemachines, making the latter a wholly-owned subsidiary and enabling a Nasdaq listing under the ticker "FUSE" upon closing, subject to shareholder and regulatory approvals; the deal includes up to $19.44 million in committed PIPE financing from CSLM affiliates and additional selective PIPE opportunities. Shareholder approvals for the business combination occurred at an extraordinary general meeting on July 28, 2025, with further amendments adopted on October 14, 2025, to extend the business combination deadline semi-monthly through December 18, 2025, via trust account deposits totaling over $910,000 across multiple extensions. Recent financing includes sponsor loans up to $2.75 million via amended promissory notes, extensions through October 2025 with $15,000 trust deposits, and prior funding such as $7.9425 million from Consilium Acquisition Sponsor I LLC. As of August 2025, the company filed a 10-Q indicating pursuit of the Fusemachines transaction amid going concern considerations tied to acquisition costs, with no operational products or services beyond SPAC activities.