Company: CXAI
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001829126-25-001566
Chunk: 29

Company: CXApp Inc.
Filing Date: 2025-03-07
Form: 424B3
Chunk 29
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ger Agreement”), by and among KINS, Inpixon, CXApp, and KINS Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of KINS (“Merger Sub”), pursuant to which KINS combined with Legacy CXApp, Inpixon’s enterprise apps business (including its workplace experience technologies, indoor mapping, events platform, augmented reality and related business solutions) (the “Enterprise Apps Business”). In exchange for the aggregate purchase price of approximately $69,928 thousand, the Company acquired all of the related assets and liabilities of Legacy CXApp. The consideration transferred in connection with the Business Combination consisted of 1,547,700 shares of the Company’s Class A Common Stock and 5,487,300 shares of the Company’s Class C Common Stock valued at a price of $9.94 per share. The preliminary estimated goodwill of approximately $44,200 thousand arising from the Business Combination consists of an acquired workforce, as well as synergies expected from combined operations of KINS and the CXApp.

The Company has authorized Class A and Class C common
stock. Class A common stock and New CXApp Class C common stock are identical in all respects, except that New CXApp Class C common stock
is not listed and will automatically convert into New CXApp Class A common stock on the earlier to occur of (i) the 180
day following the closing of the Merger which has expired and (ii) the day that the last reported sale price of New CXApp Class A common
stock equals or exceeds $12.00 per share for any 20 trading days within any 30-trading day period following the closing of the Merger.

The Business Combination is being accounted for
as a business combination in accordance with ASC 805. The Company has determined fair values of the assets acquired and liabilities assumed
in the Business Combination.

The Company allocated the purchase price of the Business Combination to the assets acquired and the liabilities assumed as of the closing date. The following table summarizes the purchase price allocations relating to the Business Combination (in thousands):

| Schedule                                
 of assets acquired                      
 Description                             |     | Fair Value |        |     | Weighted    
 Average     
 Useful Life 
 (in years)  |
|:----------------------------------------|:----|:-----------|-------:|:----|:------------|
| Purchase Price                          |     | $          | 69,928 |     |             |
| Assets acquired:                        |     |            |        |     |             |
| Cash and cash equivalents