Company: CXAI
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001829126-25-001566
Chunk: 30

Company: CXApp Inc.
Filing Date: 2025-03-07
Form: 424B3
Chunk 30
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 not deductible for tax purposes.

Total acquisition-related costs for the Business Combination were approximately $3,543 thousand. Of the total acquisition-related costs, approximately $3,000 thousand were incurred by KINS prior to the close of the Business Combination. These costs are included in the opening retained earnings of the Company on March 15, 2023. The remaining $543 thousand of acquisition-related costs were recorded as expense in the successor period and are included in acquisition related costs on the statements of operations for the year ended December 31, 2023.

Measurement Period

The purchase price allocations for the
acquisitions described above are based on initial estimates and provisional amounts. In accordance with ASC 805-10-25-13, if the
initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the
acquirer shall report in its financial statements provisional amounts for the items for which the accounting is incomplete. During
the measurement period, acquirer shall adjust the provisional amounts recognized at the acquisition date to reflect new information
obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement
of the amounts recognized as of that date. The Company
continued to refine its inputs and estimates inherent in (i) the valuation of intangible assets, (ii) deferred income taxes, (iii)
realization of tangible assets and (iv) the accuracy and completeness of liabilities through March 14, 2024, when the purchase price allocation was finalized.

CXApp Proforma Financial Information

The following unaudited proforma financial information presents the condensed consolidated results of operations of the Company for the nine-month period ended September 30, 2023, as if the acquisition had occurred as of the beginning of the first period presented (January 1, 2023) instead of on March 14, 2023. The proforma information does not necessarily reflect the results of operations that would have occurred had the entities been a single company during those periods.

The proforma financial information for the Company and the acquired CXApp is as follows (in thousands):

| Schedule of proforma financial information |     | For the           
 Nine Months Ended 
 September 30,     
 2023              |         |   |
|:-------------------------------------------|:----|:------------------|--------:|:--|
| Revenues                                   |     | $                 |   5,647 |   |
| Net income (loss)                          |