Fusemachines to Issue 2.14M Shares to Settle $1.3M in Fees

Fusemachines Inc. has entered into a Securities Purchase Agreement to issue up to 2,138,935 shares of its common stock to certain vendors and service providers. This issuance will settle approximately $1.30 million in accrued and unpaid fees owed to these parties. The shares will be issued at a price of $0.6103 per share, calculated based on the 5-day volume-weighted average price (VWAP) prior to the closing date. The company is relying on the exemption from registration under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D. Fusemachines Inc. has committed to filing a resale registration statement for the shares as soon as practicable.