Company: CXAI
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001829126-25-009079
Chunk: 21

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 21
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----|:----|-------------------:|:----|:----|------------------:|:----|:----|------------------:|
| Stock options                    |                |     |              2,150 |     |     |              1,850 |     |     |             2,150 |     |     |             1,602 |
| Restricted stock units           |                |     |              1,597 |     |     |                699 |     |     |             1,072 |     |     |               514 |
| Warrants                         |                |     |             21,032 |     |     |             21,032 |     |     |            21,032 |     |     |            21,032 |
| Total                            |                |     |             24,779 |     |     |             23,581 |     |     |            24,254 |     |     |            23,148 |

Fair Value Measurements

FASB ASC 820, “Fair Value Measurements” (“ASC 820”), provides guidance on the development and disclosure of fair value measurements. The Company follows this authoritative guidance for fair value measurements, which defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles in the United States, and expands disclosures about fair value measurements. The guidance requires fair value measurements be classified and disclosed in one of the following three categories:

| ● | Level                                                                                                                            
 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities. |

| ● | Level                                                                                                       
 2: Observable prices that are based on inputs not quoted on active markets but corroborated by market data. |

| ● | Level                                                                                                                                 
 3: Unobservable inputs which are supported by little or no market activity and values determined using pricing models, discounted     
 cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant 
 judgment or estimation.                                                                                                               |

Fair value measurements discussed herein are based
upon certain market assumptions and pertinent information available to management. The fair value of the warrants has been measured based
on the listed market price of such warrants, a Level 1 measurement. For the three and nine months ended September 30, 2025, the Company
recognized, in the consolidated statements of operations and comprehensive loss, unrealized gain of $0 and $3,576, respectively. The Company