Company: CXAI
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001829126-25-009079
Chunk: 34

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 34
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 $ |                26 |     | $ |                12 |
| Sales and marketing                                   |     |   |                  5 |     |   |                 16 |     |   |                47 |     |   |                64 |
| General and administrative                            |     |   |                 78 |     |   |                 89 |     |   |               327 |     |   |               356 |
| Total non-cash stock compensation                     |     | $ |                 90 |     | $ |                110 |     | $ |               400 |     | $ |               432 |

As of September 30, 2025, the remaining unrecognized stock compensation expense totaled approximately $489 thousand. This amount will be recognized as expense over the weighted average remaining term of 2.28 years.

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The fair value of each employee option grant is
estimated on the date of the grant using the Black-Scholes option-pricing model. Key weighted-average assumptions used to apply this
pricing model for the nine months ended September 30, 2025 and the year ended December 31, 2024 were as follows:

| Schedule of assumptions used            |     | September 30, 
 2025          |     | December 31,      
 2024              |
|:----------------------------------------|:----|:--------------|:----|:------------------|
| Risk-free interest rate                 |     | 4.08%         |     | 3.67% – 4.33%     |
| Expected life of option grants          |     | 6.00 years    |     | 5.75 – 6.25 years |
| Expected volatility of underlying stock |     | 54.62%        |     | 61.17% – 65.97%   |
| Dividends assumption                    |     | $-            |     | $-                |

Restricted Stock Units

In January 2024, a total of 47,000 restricted stock units of the Company’s common stock were granted to employees of the Company under the Incentive Plan at various dates.

On August 29, 2024, a total of 473,935 restricted stock units of the Company’s common stock were granted to directors of the Company under the 2023 Equity Incentive Plan.

The fair value of the common stock as of the
various grant dates was determined to