Company: CXAI
Filing Date: 2025-05-09
Form Type: S-1
Source: 0001829126-25-003532
Chunk: 166

Company: CXApp Inc.
Filing Date: 2025-05-09
Form: S-1
Chunk 166
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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.

F-20

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 preliminary 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               |     | $          | 10,003 |     |             |
| Accounts receivable                     |     |            |  2,226 |     |             |
| Notes and other receivables             |     |            |    209 |     |             |
| Prepaid assets and other current assets |     |            |    408 |     |             |
| Operating lease right of use asset      |     |            |    557 |     | 3 years     |
| Property and equipment, net             |     |            |    133 |     | 3 years     |
| Other assets                            |