SCHEDULE: Consilium Frontier Equity Fund Discloses 15.9% Fusemachines Stake

Consilium Frontier Equity Fund LP, along with its managing members Jonathan Binder and Charles Cassel, reported a 15.9% beneficial ownership stake in Fusemachines Inc.

Summary

• Consilium Frontier Equity Fund LP, a Delaware partnership, has reported beneficial ownership of 4,504,241 shares of Common Stock in Fusemachines Inc.
• This ownership represents 15.9% of the total outstanding Common Stock of Fusemachines Inc.
• The percentage is based on 28,350,031 shares of Common Stock deemed outstanding as of October 22, 2025, which was the closing date of the issuer's business combination.
• Jonathan Binder and Charles Cassel, as managing members of Consilium Frontier Equity Fund LP, possess sole voting and dispositive power over these 4,504,241 shares.
• Both Jonathan Binder and Charles Cassel are U.S. citizens and are individually reported as beneficially owning 4,504,241 shares, representing 15.9% of the class.

Sentiment

Score: 5

Explanation: This is a factual disclosure of beneficial ownership and does not contain performance or operational updates that would typically influence a positive or negative sentiment score.

Positives

• A significant institutional stake of 15.9% by Consilium Frontier Equity Fund LP, managed by experienced individuals Jonathan Binder and Charles Cassel, may signal confidence in Fusemachines Inc.'s future prospects.

Industry Context

The disclosure of a significant beneficial ownership stake by an investment fund like Consilium Frontier Equity Fund LP in Fusemachines Inc. indicates a notable institutional position in the company. Such filings are common after major corporate events like business combinations, reflecting the new ownership structure and investor interest in the post-merger entity.

Stakeholder Impact

• Shareholders: Increased institutional ownership may be perceived as a positive signal, potentially influencing investor confidence and stock valuation.
• Management: Awareness of a significant shareholder with voting and investment power may influence strategic decisions and corporate governance.

Key Dates

Recommendation

This filing is a beneficial ownership disclosure and does not contain operational or financial performance data to warrant a 'buy' or 'sell' recommendation. The significant stake by Consilium Frontier Equity Fund LP, Jonathan Binder, and Charles Cassel indicates a notable institutional position, which could be viewed as a positive signal, but without further context on the company's fundamentals, a 'hold' position is prudent.

Keywords

Fusemachines Inc., Consilium Frontier Equity Fund LP, Jonathan Binder, Charles Cassel, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Ownership