Company: CXAI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001829126-25-006141
Chunk: 32

Company: CXApp Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 to purchase common stock pursuant to the 2023 Equity Incentive plan to Khurram Sheikh, the Chief Executive Officer of the company and Joy Mbanugo, the Chief Financial Officer of the company. The options have an exercise price of $1.00 per share and expire on May 23, 2035. The stock options were valued using the Black-Scholes option valuation model and the fair value of the awards granted was determined to be $0.56 per option on the grant date. The fair value of the common stock as of the grant date utilized in the Black-Scholes options valuation model was $1.00 per share.

    23

See below the summary of stock options granted under the Incentive Plan as of June 30, 2025 and December 31, 2024.

        Schedule of stock option activity

    Number of Options

    Weighted average exercise price

        Weighted average remaining contractual term
        (Years)

    Weighted average at Grant date

    Aggregate
Intrinsic Value
(in thousand)

    Options outstanding at January 1, 2025

    1,799,550

    $
    1.52

    8.74

    0.93

    $
    -

    Granted

    350,000

    $
    1.00

    9.90

    0.56

    -

    Exercised

    -

    $
    -

    -

    -

    -

    Forfeited

    -

    $
    -

    -

    -

    -

    Options outstanding at June 30, 2025

    2,149,550

    $
    1.44

    8.51

    0.87

    -

    Options exercisable at June 30, 2025

    979,547

    $
    1.51

    Number of Options

    Weighted average exercise price

        Weighted average remaining contractual term
        (Years)

    Weighted average at Grant date

    Aggregate
Intrinsic Value
(in thousand)

    Options outstanding at January 1, 2024

    984,900

    $
    1.53

    9.25

    0.90

    $
    -

    Granted

    895,000

    $
    1.51

    9.25

    0.96

    -