Company: CXAI
Filing Date: 2025-08-11
Form Type: S-3
Source: 0001829126-25-006018
Chunk: 39

Company: CXApp Inc.
Filing Date: 2025-08-11
Form: S-3
Chunk 39
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 Purchases from Avondale to draw down further funding from the $20 million total commitment, provided certain conditions are satisfied. Such conditions include (among others) that our common stock continues to meet specified minimum trading volume thresholds and that we obtain stockholder approval as required by Nasdaq Listing Rule 5635(d) to issue shares in excess of 19.99% of our outstanding stock (the “Exchange Cap”). We obtained such stockholder approval at our annual meeting of stockholders held on May 20, 2025. Each additional Avondale Pre-Paid Purchase (if we choose to request any) will be subject to an original issue discount of 5%, will carry the same 20% floor price protection, and will use a similar pricing formula (with a “fixed” price component capped at 120% of the Minimum Price at closing of that tranche) for any Avondale Purchase Shares issued thereunder. We are not obligated to request any Avondale Pre-Paid Purchase beyond the initial one, and we retain full discretion to determine if and when to draw on the remaining commitment, subject to the agreement’s conditions.

Pursuant to the Avondale Purchase
Agreement, we agreed to file a registration statement with the SEC covering the resale by Avondale of at least 18,500,000 shares (inclusive
of the 80,000 Commitment Shares) within 30 days of the initial closing and, following our receipt of stockholder approval for issuances
of shares of common stock in excess of the Exchange Cap, we agreed to file one or more registration statements as necessary to have sufficient
shares of common stock registered to accommodate the full commitment amount. Avondale agreed to waive such registration rights with respect
to the filing of this registration statement, pursuant to a waiver that we obtained from Avondale on August 8, 2025.

<div align='center'>S-6</div>

Corporate History

Our predecessor, KINS Technology Group Inc. (“KINS”), was incorporated in Delaware on July 20, 2020. KINS was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. On December 17, 2020, KINS consummated its initial public offering of units, and simultaneously therewith, KINS consummated the sale of warrants in a private placement to KINS Capital LLC (the “Sponsor”) and certain