Company: CXAI
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001829126-25-009077
Chunk: 56

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 raise additional capital as needed, using its equity securities and/or a combination of cash and debt financings
appropriate for each acquisition.

Liquidity
and Capital Resources as of September 30, 2025 Compared to September 30, 2024

Liquidity
describes the ability of a company to generate sufficient cash flows to meet the cash requirements of its business operations, including
working capital needs, debt service, acquisitions, contractual obligations and other commitments. We assess liquidity in terms of our
cash flows from operations and their sufficiency to fund our operating and investing activities.

43

On
August 11, 2025, the Company filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (“SEC”),
authorizing the future offering and sale of up to $150,000 thousand of various securities. Concurrently, the Company filed a prospectus
supplement allowing for the issuance of up to $7,959 thousand of common stock under this registration. This amount is included within
the total aggregate offering authorized.

As
of September 30, 2025, the Company had a working capital deficiency of approximately $711 thousand and cash of approximately $5,088 thousand.
For the nine months ended September 30, 2025, the Company incurred a net loss of approximately $7,912 thousand and used approximately
$6,750 thousand of cash in operating activities.

The
Company’s net cash flows used in operating, investing and financing activities and certain balances are as follows (in thousands):

    Nine Months Ended  September 30,
        2025

    Nine Months Ended September 30,2024

    Cash flows (used in) provided by

    Net cash used in operating activities
     
    $
    (6,750
    )
     
    $
    (4,629
    )
  
    Net cash provided by (used in) investing activities

    (21
    )

    (30
    )
  
    Net cash provided by (used in) financing activities

    6,990

    3,480

    Effect of exchange rates on cash

    (11
    )

    (14
    )
  
    Net increase (decrease)
        in cash and cash equivalents
     
    $
    208

    $
    (1,193
    )

    September 30,2025

        December 31,
        2024

    Cash and
        cash equivalents