Financing ·
Fusemachines raises $2.5M via convertible note and warrants from Meteora Capital
FUSEWFusemachines Inc.
Fusemachines Inc. entered into a Securities Purchase Agreement with affiliates of Meteora Capital Partners, LP to sell a $2.5 million Original Issue Discount Senior Unsecured Convertible Promissory Note due February 12, 2027, for a purchase price of $2.05 million. The note carries an 18% original issue discount and converts at a fixed price of $4.20 per share without ratchets or resets. Concurrently, the company issued warrants to purchase up to 2,050,000 shares of common stock at an exercise price of $4.20 per share. The transaction also includes amendments to pre-existing forward purchase and shortfall warrant agreements with Meteora. Fusemachines intends to use proceeds for Agentic AI platform development and enterprise expansion. Fusemachines Inc. is a global provider of enterprise AI products and services.