Company: CXAI
Filing Date: 2025-04-01
Form Type: 424B3
Source: 0001829126-25-002297
Chunk: 3

Company: CXApp Inc.
Filing Date: 2025-04-01
Form: 424B3
Chunk 3
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 pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

Securities Purchase Agreement with Avondale Capital, LLC

On March 26, 2025, CXApp Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Avondale Capital, LLC (“Avondale”), pursuant to which the Company may (i) issue and sell one or more pre-paid purchase agreements, in the form substantially similar to the exhibit attached thereto (each, a “Pre-Paid Purchase”), up to an aggregate purchase amount of $20,000,000.00 (the “Commitment Amount”) for shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), on the terms and subject to the limitations and conditions set forth in each Pre-Paid Purchase, (ii) issue and sell the initial Pre-Paid Purchase in the principal amount of $4,200,000.00 (the “Initial Pre-Paid Purchase”), and (iii) deliver 80,000 shares of Common Stock (the “Commitment Shares”) to Avondale at closing.

Under the Purchase Agreement, each Pre-Paid Purchase consists of a principal balance upon which Avondale, at its option, may require the Company to issue shares of Common Stock (“Purchase Shares”), from time to time, in satisfaction of all or part of the outstanding balance of such Pre-Paid Purchase. The Company will deliver these Purchase Shares at a per-share purchase price set forth in the Pre-Paid Purchase (the “Purchase Share Purchase Price”), subject to a defined floor price and other conditions. Each Pre-Paid Purchase is a separate instrument with its own outstanding balance and holding period.

Initial Pre-Paid Purchase.

The Initial Pre-Paid Purchase in the principal amount of $4,200,000.00 carries an original issue discount of $200,000.00 (“OID”) and an additional transaction expense amount of $10,000.00 to cover Avondale’s legal, administrative, and due diligence costs (the “Transaction Expense Amount”). Therefore, the net amount funded to the Company on the initial closing date was $4,000,000.00. Along with the Initial Pre-Paid Purchase, the Company issued 80,000 Commitment Shares to Avondale.

Under the Initial Pre-Paid Purchase, if Avondale elects to receive Purchase Shares, the Purchase Share