Company: CXAI
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001829126-25-009079
Chunk: 57

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 57
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 existing operations for at least the next 12 months from the issuance date of the financial statements. The Company may continue to pursue strategic transactions and may raise additional capital as needed, using its equity securities and/or a combination of cash and debt financings appropriate for each acquisition.

Liquidity and Capital Resources as of September 30, 2025 Compared to September 30, 2024

Liquidity describes the ability of a company to generate sufficient cash flows to meet the cash requirements of its business operations, including working capital needs, debt service, acquisitions, contractual obligations and other commitments. We assess liquidity in terms of our cash flows from operations and their sufficiency to fund our operating and investing activities.

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On August 11, 2025, the Company filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (“SEC”), authorizing the future offering and sale of up to $150,000 thousand of various securities. Concurrently, the Company filed a prospectus supplement allowing for the issuance of up to $7,959 thousand of common stock under this registration. This amount is included within the total aggregate offering authorized.

As of September 30, 2025, the Company had a working capital deficiency of approximately $711 thousand and cash of approximately $5,088 thousand. For the nine months ended September 30, 2025, the Company incurred a net loss of approximately $7,912 thousand and used approximately $6,750 thousand of cash in operating activities.

The Company’s net cash flows used in operating, investing and financing activities and certain balances are as follows (in thousands):

|                                                     |     | Nine Months Ended 
 September 30,     
 2025              |        |   |     | Nine Months Ended 
 September 30,     
 2024              |        |   |
|:----------------------------------------------------|:----|:------------------|-------:|:--|:----|:------------------|-------:|:--|
| Cash flows (used in) provided by                    |     |                   |        |   |     |                   |        |   |
| Net cash used in operating activities               |     | $                 | (6,750 | ) |     | $                 | (4,629 | ) |
| Net cash provided by (used in) investing activities |     |                   |    (21 | ) |     |                   |    (30 | ) |
| Net cash provided by (used in) financing