Company: CXAI
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001829126-25-002456
Chunk: 128

Company: CXApp Inc.
Filing Date: 2025-04-08
Form: 424B3
Chunk 128
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                                     |     |   |  4,714 |   |
| FV of Warrants exchanged for Class A common stock (see Note 10 - Warrants) |     |   | (1,914 | ) |
| FV of Warrants exercised for Class A common stock (see Note 10 - Warrants) |     |   |   (766 | ) |
| Warrant liability - December 31, 2023                                      |     | $ |  1,683 |   |

<div align='center'>F-17</div>

The Company accounts for convertible debt under the fair value option election using Level 3 inputs. For the year ended December 31, 2024, and for the period from March 15, 2023 to December 31, 2023, the Company recognized an unrealized gain in the Consolidated Statements of Operations and Comprehensive Income (Loss) of $213 thousand and $0 thousand, respectively, which are presented as change in fair value of derivative liability. See additional details within Note 12, Convertible debt.

The significant inputs in the valuations models for each of the three issuances were as follows:

Pre-Paid Purchase #1

| Schedule of valuation models 
 Inputs                       |     |                June 30, 
                    2024 |     |            December 31, 
                    2024 |
|:-----------------------------|:----|------------------------:|:----|------------------------:|
| Valuation method             |     | Scenario based analysis |     | Scenario based analysis |
| Stock price                  |     |                   $2.67 |     |                   $1.82 |
| Equity dividend yield        |     |                   0.00% |     |                   0.00% |
| Expected term (years)        |     |                    3.00 |     |                    2.42 |
| Volatility                   |     |                  106.2% |     |                  100.8% |
| Discount rate                |     |                   13.9% |     |                   11.8% |
| Risk free rate               |     |                   4.57% |     |                   4.22% |

Pre-Paid Purchase #2

| Inputs                |     |           September 30, 
                    2024 |     |            December 31, 
                    2024 |
|:----------------------|:----|------------------------:|:----|----------------