Company: CXAI
Filing Date: 2025-05-09
Form Type: S-1
Source: 0001829126-25-003532
Chunk: 178

Company: CXApp Inc.
Filing Date: 2025-05-09
Form: S-1
Chunk 178
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| 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 during the year ended December 31, 2024 (Successor) were as follows:

| Schedule of assumptions used            |     |                 |     |            |
|                                         |     |            2024 |     |       2023 |
| Risk-free interest rate                 |     |   3.66% - 4.03% |     |      3.67% |
| Expected life of option grants          |     |  6 – 6.25 years |     | 5.75 years |
| Expected volatility of underlying stock |     | 65.17% - 65.97% |     |     61.65% |
| Dividends assumption                    |     |              $- |     |         $- |

Restricted Stock Units

The grant date fair value for Restricted Stock Units (RSU) are valued using the closing price of the Company’s common stock on the date of grant.

On January 2024, a total of 47,000 restricted stock units of the Company’s common stock were granted to employees of the Company under the Incentive Plan at various dates.

On August 29, 2024, a total of 473,935 restricted stock units of the Company’s common stock were granted to directors of the Company under the 2023 Equity Incentive Plan.

F-31

The fair value of the common stock as of the various grant dates was determined to be $1.25 to $2.11 per restricted stock unit, for a weighted average fair value of $2.04 per restricted stock unit. There was no other activity related to restricted stock units for