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Entrepreneur Maskey's company to be listed on US Stock Exchange, NASDAQ

B360
B360 January 24, 2024, 5:34 pm
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WASHINGTON DC: Fusemachines Inc, a company established by entrepreneur of Nepali origin Sameer Maskey, is set to be listed on the US Stock Exchange, NASDAQ. The company recently entered into a definitive merger agreement with CSLM Acquisition Corp, which has paved the way for the AI solutions provider to make its debut on NASDAQ stock exchange.

Following the merger, the company's equity valuation is estimated to be worth $200 million, according to Maskey, who is also the CEO of the company. The company will be publicly traded on NASDAQ under the name 'Fuse', and the business combination deal with CSLM Acquisition Corp is expected to be completed by the end of the second quarter of the fiscal year 2024.

The board members of both companies have already approved the deal, and it will be listed on NASDAQ following approval from stakeholders and the completion of the legal process.

Maskey, who is also an Associate Professor at Columbia University, established Fusemachines in 2013. The company is headquartered in New York, USA, and operates across Nepal, Canada, and the USA. Of the total 450 employees working at Fusemachines, 350 are based in Nepal, with the majority being outsourced from Nepal.

According to Maskey, it is a significant milestone for the company to be listed on NASDAQ and become a publicly traded company. "I am confident that the company, after partnering with CSLM, will make significant strides in the field of Artificial Intelligence in the future," he said.

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APRIL 2024

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