Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 184

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1A
Chunk 184
---
 2023) and could in the future happen, which could also reduce our market capitalization below the book value of net assets, which could increase the likelihood of recognizing goodwill or indefinite-lived intangible asset impairment losses that could negatively affect our financial condition and results of operations.

Anti-takeover provisions in our organizational documents could delay or prevent a change of control.

Certain provisions of our
Charter and Bylaws have an anti-takeover effect and may delay, defer or prevent a merger, acquisition, tender offer, takeover attempt
or other change of control transaction that a stockholder might consider in their best interest, including those attempts that might result
in a premium over the market price for the shares held by our stockholders.

These provisions provide for, among other things:

    ●
    a classified board of directors whose members serve staggered three-year terms; 

    ●
    the ability of our board to issue shares of preferred stock, including “blank check” preferred stock and to determine the price and other terms of those shares, including preferences and voting rights, without stockholder approval, which could be used to significantly dilute the ownership of a hostile acquirer; 

    ●
    advance notice for nominations of directors by stockholders and for stockholders to include matters to be considered at our annual meetings; 

    ●
    no cumulative voting in the election of directors, which limits the ability of minority stockholders to elect director candidates; 

    ●
    certain limitations on convening special stockholder meetings; 

    ●
    limiting the ability of stockholders to act by written consent; 

    ●
    the limitation of the liability of, and the indemnification of, our directors and officers; 

    ●
    providing that our board is expressly authorized to make, alter or repeal our bylaws; and 

    ●
    the removal of directors only for cause and only upon the affirmative vote of holders of the majority of the voting power of all of the then outstanding shares of our voting stock entitled to vote at an election of directors. 

These anti-takeover provisions could make it more difficult for a third party to acquire us, even if the third-party’s offer may be considered beneficial by many of our stockholders. As a result, our stockholders may be limited in their ability to obtain a premium for their shares. These provisions could also discourage proxy contests and make it more difficult for you and other stockholders to elect directors of your choosing and to cause us to take other corporate actions you