Company: CXAI
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001829126-25-002456
Chunk: 126

Company: CXApp Inc.
Filing Date: 2025-04-08
Form: 424B3
Chunk 126
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Successor). The Company utilized the Public Warrant quoted market price as the fair value of the Warrants as of each relevant date.

Earnings Per Share

The Company computes basic and diluted earnings per share by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share are similarly calculated with the inclusion of dilutive common stock equivalents. For the year ended December 31, 2024, basic and dilutive net income (loss) per common share were the same since the inclusion of common shares issuable pursuant to the exercise of options, warrants, and vesting of restricted units in the calculation of diluted net loss per common shares would have been anti-dilutive.

<div align='center'>F-16</div>

The following table summarizes the number of common shares and common share equivalents excluded from the calculation of diluted net loss per common share for the year ended December 31, 2024 and for the period from March 15, 2023, to December 31, 2023.

| Schedule of antidilutive shares | (in thousands) |     |   Year Ended 
 December 31, 
         2024 |     |     |  Period from 
    March 15, 
      2023 to 
 December 31, 
         2023 |
|:--------------------------------|:---------------|:----|-------------:|:----|:----|-------------:|
| Stock options                   |                |     |        1,627 |     |     |          985 |
| Restricted stock units          |                |     |          558 |     |     |          821 |
| Warrants                        |                |     |       21,032 |     |     |       21,032 |
| Total                           |                |     |       23,217 |     |     |       22,838 |

Fair Value Measurements

FASB ASC 820, “Fair Value Measurements” (“ASC 820”), provides guidance on the development and disclosure of fair value measurements. The Company follows this authoritative guidance for fair value measurements, which defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles in the United States, and expands disclosures about fair value measurements. The guidance requires fair value measurements be classified and disclosed in one of the following three categories:

| ● | Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities. |

| ●