Company: CXAI
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001829126-25-001566
Chunk: 42

Company: CXApp Inc.
Filing Date: 2025-03-07
Form: 424B3
Chunk 42
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Non-cash stock-based compensation expenses related
to restricted stock units recorded in the financial statements is summarized below:

| Schedule of non-cash stock-based compensation expenses related to restricted stock units |     |   | Three Months Ended 
      September 30, 
               2024 |     |   | Three Months Ended 
      September 30, 
               2023 |     |   | Nine Months Ended 
     September 30, 
              2024 |     |   |    Period from 
 March 15, 2023 
             to 
  September 30, 
           2023 |
|:-----------------------------------------------------------------------------------------|:----|:--|-------------------:|:----|:--|-------------------:|:----|:--|------------------:|:----|:--|---------------:|
| Research and development                                                                 |     | $ |                100 |     | $ |                  - |     | $ |               504 |     | $ |              - |
| Sales and marketing                                                                      |     |   |                 51 |     |   |                  - |     |   |               257 |     |   |              - |
| General and administrative                                                               |     |   |                648 |     |   |                597 |     |   |             1,152 |     |   |            638 |
| Total non-cash stock compensation                                                        |     | $ |                799 |     | $ |                597 |     | $ |             1,913 |     | $ |            638 |

As of September 30, 2024, the Company has approximately $1,376 thousand of unrecognized restricted stock unit compensation to be expensed over a weighted average period of 1.25 years.

NOTE 12 – Convertible Debt

Convertible debt as of September 30, 2024 consisted
of the following (in thousands):

| Schedule of convertible debt |                                     |     |   |       |
|:-----------------------------|:------------------------------------|:----|:--|------:|
| Principal amount             |                                     |     | $ | 3,675 |
| Less:                        | Unamortized original issue discount |     |   |   161 |
|                              | Unamortized debt issuance cost      |     |   |    18 |
|                              |                                     |     |   | 3,496 |
| Add:                         | Accrued interest payable            |