Company: CXAI
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001829126-25-001566
Chunk: 49

Company: CXApp Inc.
Filing Date: 2025-03-07
Form: 424B3
Chunk 49
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 related to convertible Pre-Paid Purchase #1,
and none for convertible Pre-Paid Purchase #2. Shares issued are valued at a price disclosed in Note 12 – Convertible Debt.

Stockholder Quorum Requirement

On November 8, 2024, the Board acted by unanimous
consent to amend and restate our bylaws and reduce our quorum requirement, effective immediately. Following the amendment, our quorum
requirement was reduced from stockholders holding at least fifty percent (50%) of the issued and outstanding shares to stockholders holding
at least thirty-three and one third percent (33.3%) of the issued and outstanding shares. A 33.3% quorum is the lowest quorum requirement
permitted under Delaware law and Nasdaq. The Board approved the reduction because it had found it exceedingly difficult to satisfy our
former quorum requirement, which is necessary to constitute a valid and duly called meeting of our stockholders. The foregoing description
of the Amended and Restated Bylaws of the Company does not purport to be complete and is subject to, and qualified in its entirety by,
the full text of the Bylaws, a copy of which are attached hereto as Exhibit 3.2 and incorporated herein by reference.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion of our financial condition and results of operations in conjunction with the unaudited condensed consolidated financial statements and related notes included elsewhere in this Form 10-Q, with the audited condensed consolidated financial statements included in our Annual Report on 10-K filed with the Securities and Exchange Commission (“SEC”) on May 24, 2024 (the “Annual Report”). References in this report (the “Quarterly Report”) to “we”, “us” or the “Company” refer to CXApp Inc. References to our “management” or our “management team” refer to our officers and directors. The following management’s discussion and analysis of financial condition and results of operations describes the principal factors affecting the results of our operations, financial condition, and changes in financial condition for the period ended September 30, 2024.

Special Note Regarding Forward-Looking Statements

This Quarterly Report includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act that are not historical facts and involve risks and uncertainties that could cause actual results