Company: CXAI
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001829126-25-009077
Chunk: 61

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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for features that may give rise to embedded derivatives. This process includes a detailed checklist aligned with ASC 815 guidance and
escalation procedures for contracts with contingent, variable, or non-standard terms. In addition, targeted training has been provided
to accounting and finance personnel to strengthen technical competency and ensure compliance with applicable accounting standards.

Management
will continue to monitor the effectiveness of these remediation efforts and will complete additional enhancements as necessary to ensure
sustainable improvement in the Company’s internal control environment.

47

PART
II. OTHER INFORMATION

Item
1. Legal Proceedings

There
is no material litigation, arbitration or governmental proceeding currently pending against CXApp or any members of its management team
in their capacity as such.

Item
1A. Risk Factors

Factors
that could cause our actual results to differ materially from those in this Quarterly Report include the risk factors described in the
Annual Report on Form 10-K filed with the SEC. As of the date of this Quarterly Report, there have been no material changes to the risk
factors disclosed in our Annual Report on Form 10-K filed with the SEC.

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item
3. Defaults Upon Senior Securities

None.

Item
4. Mine Safety Disclosures

Not
applicable.

Item
5. Other Information

Insider
Trading Arrangements and Policies

During
the three months ended September 30, 2025, no director or officer of CXApp notified CXApp of the adoption or termination of a “Rule
10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation
S-K.

Definitive
Proxy Statement Correction

On
April 17, 2025, CXApp filed its definitive proxy statement on Schedule 14A for the annual meeting of shareholders held on May 20, 2025
(the “Proxy Statement”). The Company has determined that the Proxy Statement inadvertently misstated the fees for audit and
other services provided by Withum for the fiscal year 2024 under Proposal 7: Ratification of the Selection of our Independent Registered
Public Accounting Firm. The following table shows the corrected fees. CXApp does not believe this correction affects the outcome of any
proposals presented at the annual meeting.

    Fees
     
    2024

    2023

    Audit Fees