Company: CXAI
Filing Date: 2025-08-11
Form Type: S-3
Source: 0001829126-25-006018
Chunk: 53

Company: CXApp Inc.
Filing Date: 2025-08-11
Form: S-3
Chunk 53
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 of shares. No fractional warrants were issued upon separation of the units and only whole warrants trade.

If the common stock is at the time of any exercise of a public warrant not listed on a national securities exchange such that it satisfies the definition of a “covered security” under Section 18(b)(1) of the Securities Act (or any successor statute), the Company may, at its option, (i) require holders of public warrants who exercise public warrants to exercise such public warrants on a “cashless basis” as described in the public warrants and (ii) in the event the Company so elects, the Company shall (x) not be required to file or maintain in effect a registration statement for the registration, under the Securities Act, of the shares of common stock issuable upon exercise of the public warrants and (y) use its commercially reasonable efforts to register or qualify for sale the shares of common stock issuable upon exercise of the public warrants under applicable blue sky laws to the extent an exemption is not available.

Private Placement Warrants

As of August 8, 2025, there were 10,280,000 private placement warrants outstanding. The private placement warrants are identical to the public warrants, except that the private placement warrants and the shares of common stock issuable upon the exercise of the private placement warrants were not be transferable, assignable or salable until 30 days after the completion of the Business Combination, subject to certain limited exceptions. Additionally, the private placement warrants are exercisable on a cashless basis and are non-redeemable, except as described above, so long as they are held by the Sponsor, the Direct Anchor Investors or their permitted transferees. If the private placement warrants are held by someone other than the Sponsor, the Direct Anchor Investors or their permitted transferees, the private placement warrants will be redeemable by the Company and exercisable by such holders on the same basis as the public warrants.

<div align='center'>S-17

DILUTION</div>

Investors purchasing our common
stock in this offering will experience immediate dilution in the net tangible book value of their shares of common stock. Our net tangible
book value as of March 31, 2025 was approximately ($7.9 million), or ($0.40) per share. We calculate net tangible book value per
share by dividing our net tangible book value, which is tangible assets less total liabilities, by the number of outstanding shares of
our common stock. Dilution in net tangible book value