Company: CXAI
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001829126-25-001566
Chunk: 11

Company: CXApp Inc.
Filing Date: 2025-03-07
Form: 424B3
Chunk 11
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 2024, the Company received net proceeds
of $1,000 thousand, reflecting original issue discount of $50 thousand, pursuant to the convertible Pre-Paid Purchase #2 dated on the
same day.

Management believes that the recent funding initiatives
provide sufficient capital to address any potential uncertainties regarding the Company’s ability to continue as a going concern.
This funding ensures that the Company is well-positioned to meet its obligations and continue operations for at least the next twelve
months from the issuance date of these condensed consolidated financial statements. If additional funding is required, the Management
is confident in its ability to secure financing, as necessary. The Company has access to multiple funding sources and expects these to
be sufficient for its strategic needs.

Looking beyond this period, the Company is focused
on executing its business plan and exploring additional strategic initiatives to enhance liquidity and support long-term growth. While
the ability to continue as a going concern depends on various factors, including the successful implementation of these plans and market
conditions, management remains optimistic about the Company’s long-term prospects and its capacity to adapt and thrive in a dynamic
market environment.

The accompanying unaudited condensed consolidated
financial statements have been prepared on a going concern basis, reflecting the Company’s expectation to realize its assets and
meet its liabilities in the ordinary course of business. No adjustments have been made to the financial statements regarding the recoverability
or classification of recorded asset amounts or liabilities, as the Company believes it will effectively manage the uncertainties described
above.

Basis of Presentation

The accompanying condensed consolidated financial
statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.
GAAP”) for interim financial information and the requirements of the Securities and Exchange Commission (the “SEC”)
for interim reporting. Accordingly, since they are interim statements, they do not include all of the information and disclosures required
by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered
necessary for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2024 (Successor)
are not necessarily indicative of the results that may be expected for other quarters or the year ending December 31, 2024. The condensed
consolidated balance sheet as of December 31, 2023 has been derived from the audited financial statements as of that date. For more complete
financial information, these condensed consolidated financial statements and the notes