Company: CXAI
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001829126-25-002762
Chunk: 59

Company: CXApp Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 59
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 Split is necessary to maintain our listing on Nasdaq. Accordingly, the Board has proposed the Charter Amendment for approval by our stockholders at the Annual Meeting to permit the Board to effect the Reverse Stock Split if the Board determines it is advisable to maintain compliance with Nasdaq rules.

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Principal Effects of the Reverse Stock Split

The Reverse Stock Split would have the following effects based upon 19,805,784 shares of common stock issued and outstanding as of the record date. In the following discussion, we provide examples of the effects of the Reverse Stock Split at the lower-end of the range of the Ratio and at the higher-end of the range of the Ratio.

If the Reverse Stock Split is approved at the low end of the range:

| ● | in a 1-for-5 Ratio, every five shares of our common stock issued and outstanding immediately prior to the Reverse Stock Split effective date (the “Old Shares”) owned by a stockholder will automatically and without any action on the part of the stockholders be converted into one (1) share of common stock (the “New Shares”); and |

| ● | the number of shares our common stock issued and outstanding will be reduced from 19,805,784 shares to approximately 3,961,157 shares. |

If the Reverse Stock Split is approved at the high end of the Reverse Stock Split range:

| ● | in a 1-for-10 Ratio, every ten of our Old Shares owned by a stockholder would be exchanged for one (1) New Share; and |

| ● | the number of shares of our common stock issued and outstanding will be reduced from 19,805,784 shares to approximately 1,980,578 shares. |

The Reverse Stock Split will be effected simultaneously for all of our outstanding shares of common stock and the exchange ratio will be the same for all of our outstanding shares of common stock. The Reverse Stock Split will affect all of our stockholders uniformly and will not affect any stockholder’s percentage ownership interests in the Company, except to the extent that the Reverse Stock Split results in any of our stockholders owning a fractional share. As described below, stockholders and holders of options and warrants holding fractional shares will have their shares rounded up to the nearest whole number. Shares of common stock issued pursuant to the Reverse Stock Split will remain fully paid and non-assessable.

Fractional Shares.
No fractional share certificates will be issued in connection with the Reverse Stock Split. Stockholders who otherwise would be entitled