Company: CXAI
Filing Date: 2025-08-11
Form Type: S-3
Source: 0001829126-25-006018
Chunk: 47

Company: CXApp Inc.
Filing Date: 2025-08-11
Form: S-3
Chunk 47
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 to, and qualified in its entirety by reference to, our organizational documents and the related transaction documents, as applicable, copies of which have been or will be filed or incorporated by reference herein.

Common Stock

Under our second amended and
restated certificate of incorporation (the “Charter”), we are authorized to issue up to 200,000,000 shares of Class A common
stock, par value $0.0001 per share (the “Class A common stock” or the “common stock”). As of August 8, 2025, 23,435,234
shares of common stock were issued and outstanding.

Our Charter previously authorized Class C common stock, which was identical to our Class A common stock, except that the Class C common stock was not listed, was subject to transfer restrictions and was subject to automatic conversion in accordance with the terms of the Charter. Each share of Class C common stock automatically converted into one share of Class A common stock in accordance with the terms of the Charter.

Dividend Rights

The General Corporation Law of the State of Delaware (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 be (and cannot be less than) the aggregate par value of all issued shares of capital stock. Net assets equals the fair value of the total assets minus total liabilities. The DGCL also provides that dividends may not be paid out of net profits if, after the payment of the dividend, capital is less than the capital represented by the outstanding stock of all classes having a preference upon the distribution of assets. Delaware common law also imposes a solvency requirement in connection with the payment of dividends.

Subject to applicable law and the rights and preferences of any holders of any outstanding series of preferred stock, the holders of common stock will be entitled to the payment of dividends on the common stock when, as and if declared by the CXApp board of directors (“Board”) in accordance with applicable law.

Voting Rights

Holders of common stock will be entitled to one vote for each share held as of the record date for determining stockholders entitled to vote on such matters, except as otherwise required by law.

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