v3.26.3
Stockholder’s Deficit
 9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Stockholder’s Deficit

Note 7. Stockholder’s Deficit

 

Common Stock

 

In connection with the Restated Certificate, the number of shares of Fusemachine Inc. common stock that the Company is authorized to issue is 500,000,000 shares as of September 30, 2026 and December 31, 2025 respectively.

 

The Company’s reserved shares of common stock for future issuance related to potential conversion of the Convertible Preferred Stock, exercise of Common Stock Warrants and exercise of stock options are as follows:

 

  

As of

September 30,

2026

  

As of

December 31,

2025

 
Common stock warrants   92,211    92,211 
Stock options   546,342    686,880 
SPAC public and private placement warrants (Refer note 17)   13,458,750    13,458,750 
Equity share warrant (Refer note 16)   2,108,070    2,108,070 
Issuance of warrants pursuant to conversion of convertible note (refer note 6)   30,000    30,000 
Restricted stock units (RSU) (Refer note 9)   646,239    - 
Detachable common stock purchase warrants (the “Financing Warrants”) (refer note 6)   2,050,000    - 
Reserved shares of common stock for future issuance.   18,931,612    16,375,911 

 

Convertible Preferred Stock

 

In connection with the Restated Certificate, the number of shares of Convertible Preferred Stock that the Company is authorized to issue is 5,000,000 as at September 30, 2026.

 

Warrants

 

As of September 30, 2026 and December 31, 2025 the Company had Common Stock Warrants outstanding to purchase up to 92,211 shares of the Company’s common stock at an exercise price of $0.70 per share and have a contractual term of 10 years. The Common Stock Warrants were issued in August 2023. (Refer to “Note 3 - Fair Value Measurements “ ).

 

 

Fusemachines Inc. and Subsidiaries Notes to the Condensed Consolidated Interim Financial Statements