Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 289

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1A
Chunk 289
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 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 180th 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.

    F-20

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 AverageUseful 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

    42

    Developed technology

    8,697

    10 years

    Patents

    2,703

    10 years

    Customer relationships

    5,604

    5 years

    Trade names and trademarks

    3,294

    7 years

    Total assets acquired
     
    $
    33,876

    Liabilities assumed:

    Accounts payable
     
    $
    443

    Accrued liabilities

    969

    Deferred revenues

    2,534

    Operating lease obligation, current

    194

    Operating lease obligation, noncurrent

    384

    Deferred tax liability

    4,217

    Total liabilities assumed

    8,741

    Goodwill
     
    $