Company: CXAI
Filing Date: 2025-05-09
Form Type: S-1
Source: 0001829126-25-003532
Chunk: 122

Company: CXApp Inc.
Filing Date: 2025-05-09
Form: S-1
Chunk 122
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 the Avondale Purchase Agreement consummated on March 26, 2025. The number of shares of common stock that may actually be acquired by Avondale pursuant to the Avondale Purchase Agreement is not currently known and is subject to satisfaction of certain conditions and other limitations, including the limitation that the Company shall not effect the issuance of shares that would cause Avondale or any of its affiliates, including Streeterville, to beneficially own a number of common stock exceeding 19.99% of the number of common stock outstanding on such date, subject to stockholder approval as set forth in the Avondale Purchase Agreement. The business address of Avondale is 297 Auto Mall Drive #4, St. George, Utah 84770. |

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<div align='center'>Description of Capital Stock</div>

General

The following description summarizes some of the terms of our Charter and Bylaws and the DGCL. This description is summarized from, and qualified in its entirety by reference to, our Charter and Bylaws, each of which has been publicly filed with the SEC, as well as the relevant provisions of the DGCL.

Authorized and Outstanding Stock

Our Charter authorizes two
classes of common stock, the Class A common stock and the Class C common stock. Our authorized capital stock will consist of 210,000,000
shares, $0.0001 par value per share, of which: 200,000,000 shares will be designated as Class A common stock; and 10,000,000 shares will
be designated as Class C common stock. As of May 8, 2025, our issued and outstanding share capital consisted of: (i) 20,776,997 shares
of common stock, held of record by approximately 100 holders, (ii) 0 shares of preferred stock and (iii) 21,031,862 warrants (as defined
below). Such numbers do not include DTC participants or beneficial owners holding shares through nominee names.

Dividend Rights

The DGCL permits a corporation to declare and pay dividends out of “surplus” or, if there is no “surplus,” out of its net profits for the fiscal year in which the dividend is declared and/or the preceding fiscal year. “Surplus” is defined as the excess of the net assets of the corporation over the amount determined to be the capital of the corporation by the board of directors. The capital of the corporation is typically calculated to