Recent Updates — FUSE
Fusemachines Inc. received a notification letter from Nasdaq regarding its failure to maintain a minimum Market Value of Publicly Held Shares (MVPHS) of $15,000,000. The company's MVPHS was below the requirement for 30 consecutive business days between June 10, 2026, and July 23, 2026. The company has 180 calendar days, or until January 20, 2027, until its compliance period ends. Fusemachines Inc. is an artificial intelligence software company.
Fusemachines Inc. filed this report to correct beneficial ownership information for director Timothy Gocher. Mr. Gocher previously incorrectly reported shares held by Dolma Impact Fund I as his own beneficial ownership on Forms 4. Although Mr. Gocher is the CEO of Dolma, he lacks voting or dispositive power over those shares. Amended Forms 4 have been filed to rectify this error. As of July 1, 2026, the company has 28,985,302 shares of common stock outstanding. Fusemachines Inc. is an artificial intelligence company providing machine learning solutions.
At its 2026 Annual Meeting of Stockholders held on June 9, 2026, Fusemachines Inc. shareholders voted to elect Salman Alam, Bharat Krish, and Tim Gocher as Class I directors. Shareholders also approved an amendment to the 2025 Omnibus Equity Incentive Plan to increase the maximum number of shares available to participants from 1,500,000 to 3,500,000. Additionally, the appointment of KNAV CPA LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026, was ratified. Fusemachines Inc. provides artificial intelligence solutions and services.