Company: CXAI
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001829126-25-002456
Chunk: 144

Company: CXApp Inc.
Filing Date: 2025-04-08
Form: 424B3
Chunk 144
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 $                | 7.33 |
| Forfeited                        |     |        |        - |   |     |                  |      |
| Outstanding at December 31, 2024 |     |        |  688,935 |   |     |                  |      |

| Outstanding at March 15, 2023    |     | Shares |       - |   |     | Weighted Average 
 Grant Date       
 Fair Value       |      |
|:---------------------------------|:----|:-------|--------:|:--|:----|:-----------------|-----:|
| Granted                          |     |        | 526,165 |   |     | $                | 7.80 |
| Forfeited                        |     |        | (40,000 | ) |     | $                | 7.13 |
| Outstanding at December 31, 2023 |     |        | 486,165 |   |     |                  |      |

The total fair value of RSUs vested during the year ended December 31, 2024, was $2,331 thousand. There was no RSUs vested during the year ended December 31, 2023.

Non-cash stock-based compensation expenses related to restricted stock units recorded in the financial statements is summarized below:

| Schedule of non-cash stock-based compensation expenses related to restricted stock units |     | Successor |   Year ended 
 December 31, 
         2024 |     |   |                     Period from 
 March 15, 2023, to December 31, 
                            2023 |
|:-----------------------------------------------------------------------------------------|:----|:----------|-------------:|:----|:--|--------------------------------:|
| Research and development                                                                 |     | $         |          605 |     | $ |                               - |
| Sales and marketing                                                                      |     |           |          310 |     |   |                               - |
| General and administrative                                                               |     |           |        1,363 |     |   |                             686 |
| Total non-cash stock compensation                                                        |     | $         |        2,278 |     | $ |                             686 |

As of December 31, 2024, and December 31, 2023, the Company has approximately $1,016 thousand and $1,796 thousands of unrecognized restricted stock unit compensation to be expensed over a weighted average period of 0.91 year and 1.42 years, respectively.

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