Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 1127

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 8
Chunk 1127
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 net cash used in operating activities

    Amortization of debt discount and deferred financing cost

    445

    272

    717

    Accrued interest expense on promissory note and convertible debt

    210

    (10
    )

    200

    Change in fair value of derivative liability

    2,523

    (50
    )

    2,473

    Net cash used in operating activities

    (2,560
    )

    -

    (2,560
    )

    F-46

    Nine Months Ended September 30, 2024,

    (in thousands)
     
    As Previously Reported

    Adjustments to Debt

    Adjustments to Accrued Legal Fees

    As Restated

    Operating activities

    Net loss
     
    $
    (15,430
    )
     
    $
    (283
    )
     
    $
    (359
    )
     
    $
    (16,072
    )
  
    Change in operating assets and liabilities:

    Accrued liabilities

    214

    -

    359

    573

    Adjustments to reconcile net loss to net cash used in operating activities

    Amortization of debt discount and deferred financing cost

    678

    310

    -

    988

    Accrued interest expense on promissory note and convertible debt

    340

    (44
    )

    -

    296

    Change in fair value of derivative liability

    3,575

    17

    -

    3,592

    Net cash used in operating activities

    (4,629
    )

    -

    -

    (4,629
    )

NOTE 22 – Subsequent Events

Note Exchanges

During the period from January 1, 2025, to January 29, 2025, the Company exchanged $605 thousand of the outstanding balance of the December 2023 Note for approximately 311,783 shares of the Company’s Class A Common Stock at exchange prices between $1.79 and $2.03 per share. The loss on the exchange is approximately $48 thousand.

Convertible Debt Conversion

In January 31, 2025, the Company has issued 242,491 shares of the Company’s Class A Common Stock related to Purchase Notice dated January 28, 2025, for an exchange amount of $