Company: CXAI
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001829126-25-002456
Chunk: 142

Company: CXApp Inc.
Filing Date: 2025-04-08
Form: 424B3
Chunk 142
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1,377,172 |   |     | $         | 1.53 |     |              |      |     |               |      |
| Forfeited                                |     |           |  (392,272 | ) |     | $         | 1.53 |     |              |      |     |               |      |
| Options outstanding at December 31, 2023 |     |           |   984,900 |   |     | $         | 1.53 |     |              | 9.25 |     | $             | 0.90 |
| Options exercisable at December 31, 2023 |     |           |         - |   |     | $         |    - |     |              |    - |     |               |    - |

Non-cash stock-based compensation expenses related to stock option were recorded in the financial statements as summarized below:

| Non-cash stock-based compensation expense |     | Successor |   Year ended 
 December 31, 
         2024 |     |   |        Period from 
 March 15, 2023, to 
       December 31, 
               2023 |     | Predecessor |         Period from 
 January 1, 2023, to 
           March 14, 
                2023 |
|:------------------------------------------|:----|:----------|-------------:|:----|:--|-------------------:|:----|:------------|--------------------:|
| Research and development                  |     | $         |           18 |     | $ |                  - |     | $           |                   - |
| Sales and marketing                       |     |           |           81 |     |   |                  - |     |             |                   - |
| General and administrative                |     |           |          454 |     |   |                113 |     |             |                 158 |
| Total non-cash stock compensation         |     | $         |          553 |     | $ |                113 |     | $           |                 158 |

As of December 31, 2024, the remaining unrecognized stock compensation expense totaled approximately $574 thousand. This amount will be recognized as an expense over the weighted average remaining term of 2.55 years.

The fair value of each employee option grant is estimated on the date of the grant using the Black-Scholes option-pricing model. Key weighted-average assumptions used to apply this pricing model