Company: CXAI
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001829126-25-001566
Chunk: 40

Company: CXApp Inc.
Filing Date: 2025-03-07
Form: 424B3
Chunk 40
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 |     | $ |              - |     | $           |               - |
| Sales and marketing                                    |     |           |                 16 |     |   |                  - |     |   |                64 |     |   |              - |     |             |               - |
| General and administrative                             |     |           |                 89 |     |   |                 56 |     |   |               356 |     |   |            113 |     |             |             158 |
| Total non-cash stock compensation                      |     | $         |                110 |     | $ |                 56 |     | $ |               432 |     | $ |            113 |     | $           |             158 |

As of September 30, 2024 (Successor), the remaining unrecognized stock compensation expense totaled approximately $564 thousand. This amount will be recognized as expense over the weighted average remaining term of 3.02 years.

<div align='center'>25

CXAPP INC. AND SUBSIDIARIES
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

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 for the nine months ended September 30, 2024 (Successor) and the period from March 15, 2023 to December 31, 2023 (Successor)
were as follows:

| Schedule of assumptions used            |     |              2024 |     |       2023 |
| Risk-free interest rate                 |     |     3.58% – 4.33% |     |      3.67% |
| Expected life of option grants          |     | 6.00 – 6.25 years |     | 5.75 years |
| Expected volatility of underlying stock |     |            61.65% |     |     61.65% |
| Dividends assumption                    |     |                $- |     |         $- |

Restricted Stock Units

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