AI
Fusemachines Closes Up to $10.66 Million Investment at $4.20 per Share for Growth Capital from Existing Investor Meteora Capital
$2.5 Million Convertible Note at a Fixed $4.20 Conversion Price Without Resets, Combined with Cash-Exercise Warrants at a Fixed $4.20 Exercise Price Without Resets, Could Generate Up to $10.66 Million for GrowthNEW YORK, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Fusemachines Inc. (NASDAQ: FUSE), a leading provider of enterprise AI products and services, today announced that existing investor Meteora Capital has made an additional $2.5 million strategic investment in the Company through a convertible not
About this update from Fusemachines Inc.
$2.5 Million Convertible Note at a Fixed $4.20 Conversion Price Without Resets, Combined with Cash-Exercise Warrants at a Fixed $4.20 Exercise Price Without Resets, Could Generate Up to $10.66 Million for Growth NEW YORK, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Fusemachines Inc. (NASDAQ: FUSE), a leading provider of enterprise AI products and services, today announced that existing investor Meteora Capital has made an additional $2.5 million strategic investment in the Company through a convertible note with a fixed conversion price of $4.20 per share, together with 2.05 million warrants exercisable at a fixed exercise price of $4.20 per share. The financing reflects Meteora Capital's continued confidence in Fusemachines' long-term strategy and the Company's vision for transforming enterprise workflows through Agentic AI. The investment was structured with a deep out-of-the-money fixed conversion price and warrant exercise price of $4.20 per share, underscoring a long-term investment approach rather than a financing tied to short-term stock price movements. Importantly, both the convertible note and the warrants feature fixed pricing with no conversion price resets, ratchets, floating-price mechanisms or other toxic adjustment provisions, providing shareholders with a transparent and straightforward capital structure. If all 2.05 million warrants are exercised for cash, the Company could receive up to an additional $8.61 million, totaling $10.66 million in additional capital including the convertible note, providing significant funding to support future growth initiatives. Fusemachines intends to use the net proceeds from the financing to accelerate the development and commercialization of Fusemachines' Agentic AI platform, expand enterprise deployments, invest in product innovation, and support the Company's continued execution of its long-term growth strategy. "We are pleased to increase our investment in Fusemachines as our conviction in the Company's long-term vision continues to strengthen," said Vik Mittal, Managing Member of Meteora Capital. "We believe Agentic AI will fundamentally reshape how enterprises operate, and we see Fusemachines as well positioned to play a leading role in that transformation." "We are grateful for Meteora Capital's continued confidence in Fusemachines and our long-term vision," said Sameer Maskey, Founder and Chief Executive O...