Company: CXAI
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001829126-25-006142
Chunk: 23

Company: CXApp Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 23
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Pre-Paid Purchase #3

| Schedule of valuation models 
 Inputs                       |     |                June 30, 
                    2025 |     |            December 31, 
                    2024 |
|:-----------------------------|:----|------------------------:|:----|------------------------:|
| Valuation method             |     | Scenario based analysis |     | Scenario based analysis |
| Stock price                  |     |                   $1.07 |     |                   $1.82 |
| Equity dividend yield        |     |                   0.00% |     |                   0.00% |
| Expected term (years)        |     |                    1.93 |     |                    2.42 |
| Volatility                   |     |                   93.6% |     |                  100.8% |
| Discount rate                |     |                  12.66% |     |                   11.8% |
| Risk free rate               |     |                   4.26% |     |                   4.22% |

Avondale

Pre-Paid Purchase #1

| Inputs                |     |                June 30, 
                    2025 |
|:----------------------|:----|------------------------:|
| Valuation method      |     | Scenario based analysis |
| Stock price           |     |                   $1.07 |
| Equity dividend yield |     |                   0.00% |
| Expected term (years) |     |                    2.74 |
| Volatility            |     |                   96.8% |
| Discount rate         |     |                  24.00% |
| Risk free rate        |     |                   4.26% |

<div align='center'>16</div>

Fair Value of Financial Instruments

Financial instruments consist of cash and cash equivalents, accounts receivable, unbilled and other receivables and accounts payable. The Company determines the estimated fair value of such financial instruments presented in the financial statements is equal to its carrying value due to their short-term nature.

Carrying Value, Recoverability and Impairment of Long-Lived Assets

The Company follows FASB ASC 360 “Property, Plant, and Equipment” (“ASC 360”) for its long-lived assets. Pursuant to ASC 360-10-35-17, an impairment loss shall be recognized only if the carrying amount of a long-lived asset (asset group) is not recoverable and exceeds its fair value. The carrying