Fusemachines Inc. Enters NASDAQ Listing via CSLM Acquisition Corp. Deal
Wed, Jan 24, 2024 1:26 PM on Featured,
Fusemachines is the first Nepali-origin company to be listed on the prestigious Nasdaq stock exchange worldwide. Fusemachines has entered into a merger agreement with CSLM Acquisition Company, aiming for a Nasdaq listing. CSLM, already listed and trading on Nasdaq, enhances the strategic move.
Following the agreement, Fusemachines is poised to receive an infusion of approximately US$20 million from CSLM for working capital, as stated by Sameer Maskey, the founder and CEO of Fuse Machines. Maskey highlighted that this funding will play a crucial role in the development of new products. Maskey further disclosed that the overall valuation of Fuse Machines stands at $200 million (Rs 25 billion).
Both entities have jointly confirmed the progression of the merger agreement, with plans to secure a Nasdaq listing by the conclusion of the second quarter of 2024.
