Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 204

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1A
Chunk 204
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 require us to make modifications to our existing services and technology, which could significantly limit the adoption and deployment of our technologies or result in significant expense.

Our cash and cash equivalents may be exposed to failure of our banking institutions.

While we seek to minimize
our exposure to third-party losses of our cash and cash equivalents, we hold our balances in a number of large financial
institutions. Notwithstanding this, those institutions are subject to the risk of failure. For example, on March 10, 2023,
Silicon Valley Bank (“SVB”) was unable to continue their operations, and the Federal Deposit Insurance Corporation was
appointed as receiver for SVB and created the National Bank of Santa Clara to hold the deposits of SVB after SVB was unable to
continue their operations. As of March 20, 2023, substantially all of our cash and cash equivalents are held with other large
financial institutions, and we do not expect further developments with SVB to have a material impact on our cash and cash
equivalents balance, expected results of operations, or financial performance for the foreseeable future. However, if further
failures in financial institutions occur where we hold deposits, we could experience additional risk. Any such loss or limitation on
our cash and cash equivalents would adversely affect our business.

Item 1.B. Unresolved Staff Comments.

As a smaller reporting company, we are not required to provide this information.

Item 1.C. Cybersecurity Disclosures

Risk Management and Strategy

CXApp’s information security program is implemented based on ISO 27001 and SOC 2 frameworks.

Risk Management Program

As part of the information security program, CXApp has a risk management program that engages in the process of identifying, evaluating, and treating risks around the organization’s information. It addresses uncertainties around information assets to ensure the desired business outcomes are achieved. CXApp performs annual Risk Assessments (RAs) to determine security risks in corporate operations, products, and services, and initiates appropriate remediation.

CXApp’s information security program is aligned with business objectives that establish rules governing how to identify risks, assign risk ownership, how the risks impact the confidentiality, integrity and availability of the information and the method of treatment for identified risks. A formal risk assessment methodology is approved by management.

The risk management framework includes guidelines for identifying and estimating the cost of protective measures to eliminate or reduce the security risks to an acceptable level.

All operations, products, services, information assets and information systems that are owned and operated by CXApp are