Company: CXAI
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001829126-25-009079
Chunk: 40

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 40
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’s common
stock at a price equal to the lower of (a) Fixed Price of $1.987 and (b) Market Price which is 91% multiplied by the lowest daily
volume weighted average price (“VWAP”) during the ten (10) consecutive trading days immediately prior to the written
notice date, but in any event not lower than the Floor Price of $0.331, subject to certain adjustments and ownership limitations
specified in the convertible Pre-Paid Purchase. The Pre-Paid Purchase #3 was recorded at its initial fair value of $2,986 thousand.
The Company recognized an unrealized gain on change in fair value of pre-paid #3 of $164 thousand.
For the three months and nine months ended September 30, 2025, the Company recognized an unrealized loss on change in fair value of
Pre-Paid Purchase #3 of $120 thousand
and $317 thousand,
respectively. As of September 30, 2025, the entire outstanding balance of Pre-Paid Purchase #3 was converted into equity. Accordingly, no fair value
measurement is required or presented on the accompanying condensed consolidated balance sheet as of September 30, 2025.

The following table presents changes in convertible
debt measured at fair value for the nine months ended September 30, 2025 and for the year ended December 31, 2024.

| Schedule of company’s net deferred tax assets |     | Convertible Debt |        |   |
|:----------------------------------------------|:----|:-----------------|-------:|:--|
| Balance                                       
 as of December 31, 2024                       |     | $                |  4,512 |   |
| Additions                                     |     |                  |  7,350 |   |
| Settlement(1)                                 |     |                  | (4,937 | ) |
| Fair value measurement adjustments            |     |                  |   (387 | ) |
| Balance as of September 30, 2025              |     | $                |  6,538 |   |

| Balance as                         
 of December 31, 2023               |     | Convertible Debt |      - |   |
|:-----------------------------------|:----|:-----------------|-------:|:--|
| Additions                          |     |                  |  6,825 |   |
| Settlement(2)                      |     |                  | (2,100 | ) |
| Fair value measurement adjustments |