Fusemachines closes $2.5M convertible note and warrants with Meteora, potential total $10.66M

Fusemachines Inc.

Issued $2.5M convertible note at $4.20 fixed conversion price, no resets; net proceeds $2.05M after 18% OID.
Warrants to purchase 2.05M shares at $4.20 fixed exercise price; cash exercise could yield additional $8.61M.
Proceeds to accelerate Agentic AI platform development, enterprise deployments, and product innovation.
Amended existing Forward Purchase Agreement and Shortfall Warrants with Meteora as part of the transaction.
Meteora Capital, an existing investor, made the investment, signaling continued confidence in Fusemachines.

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