Company: CXAI
Filing Date: 2025-04-01
Form Type: 8-K
Source: 0001829126-25-002296
Chunk: 2

Company: CXApp Inc.
Filing Date: 2025-04-01
Form: 8-K
Item: Item 1.01
Chunk 2
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 such that the full $20,000,000.00 of the
Commitment Amount (including all shares issuable thereunder) is registered for resale. This summary specifically covers the Commitment
Shares and the shares underlying the Initial Pre-Paid Purchase. Any subsequent Pre-Paid Purchase or shares issuable thereunder will be
registered pursuant to new or amended registration statements if and when such Pre-Paid Purchases occur.

Use
of Proceeds.

The
Company intends to use the net proceeds from any Pre-Paid Purchases primarily for working capital and general corporate purposes, as
detailed in the applicable registration statement and in accordance with the terms of the Purchase Agreement. The Company is not obligated
to request any Pre-Paid Purchase beyond the initial one.

Potential
Dilutive Effects.

Depending
on market conditions and other factors, issuances of Common Stock under the Pre-Paid Purchases may result in substantial dilution to
existing shareholders. The amount of dilution will depend on various factors, including the number of shares ultimately issued and the
applicable Purchase Share Purchase Price at the time of each conversion.

No
additional issuance of Common Stock under the Purchase Agreement would occur if it would exceed the Exchange Cap under Nasdaq Listing
Rule 5635(d) absent the required stockholder approval. The Company has committed to seeking this approval on or before May 31, 2025,
and if not obtained, it will continue seeking such approval every 90 days until the approval is secured or the Pre-Paid Purchase outstanding
balance is otherwise satisfied in accordance with the Purchase Agreement.

This
description is qualified in its entirety by reference to the text of the Purchase Agreement, a copy of which is attached hereto as Exhibit
10.1 and also is incorporated herein by reference.

Cautionary
Statement Regarding Forward-Looking Statements

This
report includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the Company may differ from its actual results
and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,”
“plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,”
“potential,” “continue,” or the negative or other variations thereof and