Company: CXAI
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001829126-25-001566
Chunk: 39

Company: CXApp Inc.
Filing Date: 2025-03-07
Form: 424B3
Chunk 39
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 have a life of 10 years and an exercise price of $1.20 per option. The stock options were valued using the Black-Scholes option valuation model and the weighted average fair value of the awards granted during the period was determined to be $0.74 per option on the grant date. The fair value of the common stock as of the grant date utilized in the Black-Scholes option valuation model was $1.21 per share.

In June 2024, the Company received a notice for
a net exercise of 70,350 options to purchase shares of common stock resulting in the issuance of 12,570 shares of the Company’s
Class A Common Stock with par value $0.0001 per share. In accordance with the terms of the Incentive Plan, 51,012 shares were withheld
by the Company to cover the exercise price and 6,768 shares were withheld in satisfaction of the taxes required to be paid in connection
with the exercise.

On August 26, 2024, the Board approved the award
of 230,000 options to purchase common stock pursuant to the 2023 Equity Incentive Plan to Joy Mbanugo, the Chief Financial Officer of
the Company. The option has an exercise price of $2.40 per share. The options expire on August 26, 2034. The stock options
were valued using the Black-Scholes option valuation model and the fair value of the awards granted was determined to be $1.44 per option
on the grant date. The fair value of the common stock as of the grant date utilized in the Black-Scholes option valuation model was $2.40
per share.

<div align='center'>24

CXAPP INC. AND SUBSIDIARIES
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

See below for a summary of the stock options granted under the Incentive Plan:

| Schedule of stock options                 |     | Number of 
 Options   |           |   |     | Weighted       
 average        
 exercise price |      |     | Weighted     
 average      
 remaining    
 contractual  
 term (years) |      |     | Weighted-Average 
 Fair Value at    
 Grant Date       |      |
|:------------------------------------------|:----|:----------|----------:|:--|:----|:---------------|-----:|:----|:-------------|-----:|:----|:-----------------|