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Fusemachines Begins Trading on NASDAQ Marking the Start of a New Chapter
Globenewswire· 2025-10-23 15:00
Core Insights - Fusemachines Inc. has commenced trading on the Nasdaq Stock Market under the symbol "FUSE", marking a significant milestone in its mission to democratize AI [1][2] - The public listing positions the company to capture the growing global demand for scalable AI solutions [2] - The CEO emphasized the commitment to innovation and execution, indicating a focus on disciplined growth and strategic investments to create sustainable value for shareholders [3] Company Strategy - Proceeds from the public listing will be utilized to strengthen the company's balance sheet and accelerate growth, with plans for strategic investments in product innovation, customer expansion, and sales and marketing [3] - The company aims to enhance recurring revenue opportunities, expand margins, and deliver long-term value to shareholders through these initiatives [3] - Fusemachines intends to explore strategic partnerships and targeted M&A opportunities to accelerate market expansion and enhance its competitive position [4] Company Background - Founded in 2013, Fusemachines is a global provider of enterprise AI products and services, focusing on democratizing AI [5] - The company leverages proprietary AI technologies to assist clients in their AI transformation journeys across various industries, including healthcare, finance, retail, manufacturing, and government [5]
Fusemachines Announces Closing of Business Combination and Date for Commencement of NASDAQ Listing
Globenewswire· 2025-10-23 14:07
Core Points - Fusemachines Inc. has completed its business combination with CSLM Acquisition Corp., and will begin trading on Nasdaq under the symbol "FUSE" starting October 23, 2025 [1][2] - The public listing is expected to accelerate growth and innovation, with proceeds from the transaction aimed at developing products, expanding customer reach, and supporting enterprise clients [3] - The leadership team of the combined company includes Sameer Maskey as CEO and Christine Chambers as CFO, with a board of directors comprising industry professionals [4] Company Overview - Founded in 2013, Fusemachines is a global provider of enterprise AI products and services, focused on democratizing AI and helping organizations implement and scale AI solutions [5] - The company operates in various industries, including healthcare, finance, retail, manufacturing, and government, with a presence in North America, Asia, and Latin America [5] - Fusemachines is committed to providing high-quality AI education in underserved communities and assisting organizations in maximizing their potential with AI [6]