Company: CXAI
Filing Date: 2025-04-07
Form Type: PRE 14A
Source: 0001829126-25-002441
Chunk: 64

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: PRE 14A
Chunk 64
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 other transaction for the combination of the Company with another company), the Reverse Stock Split was not proposed in response to any effort of which we are aware to accumulate shares of our common stock or obtain control of us, nor is it part of a plan by management to recommend a series of similar actions having an anti-takeover effect to our Board and stockholders. Other than the Reverse Stock Split, our Board does not currently contemplate recommending the adoption of any other corporate action that could be construed to affect the ability of third parties to take over or change control of the Company.

The Company is subject to the periodic reporting and other requirements of the Exchange Act. If the proposed Reverse Stock Split is implemented, our common stock will continue to be reported on Nasdaq under the symbol “CXAI.” We will continue to be subject to the periodic reporting requirements of the Exchange Act.

Procedure for Effecting a Reverse Stock Split

The Reverse Stock
Split will be accomplished by our Board of Directors passing a resolution to effect the Reverse Stock Split (the
“Board Resolution”). The Reverse Stock Split will become effective at such future date and exact ratio as to
be determined by the Board, and an amendment will be made to the Company’s certificate of incorporation and filed with the
Secretary of State of the State of Delaware (which we refer to as the “Effective Time”) following passing of
the Board Resolution. As soon as practicable after the Effective Time, stockholders will be notified that the Reverse Stock
Split has been effected.

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STOCKHOLDERS SHOULD NOT DESTROY ANY STOCK CERTIFICATE(S)

AND SHOULD NOT SUBMIT ANY CERTIFICATE(S) UNTIL REQUESTED TO DO SO.</div>

Material U.S. Federal Income Tax Consequences of the Reverse Stock Split

The following is a summary
of certain material U.S. federal income tax consequences of a Reverse Stock Split to our stockholders. The summary is based
on the Internal Revenue Code of 1986, as amended (the “Code”), applicable Treasury Regulations promulgated thereunder, judicial
authority and current administrative rulings and practices as in effect on the date of this Proxy Statement. Changes to the laws could
alter the tax consequences described below, possibly with retroactive effect. We have not sought and will not seek an opinion of counsel
or a ruling from the Internal Revenue Service regarding the federal income tax consequences of a Reverse Stock Split. This discussion
only addresses stockholders who hold common stock as capital assets. It does not purport to