Company: CXAI
Filing Date: 2025-08-11
Form Type: S-3
Source: 0001829126-25-006018
Chunk: 12

Company: CXApp Inc.
Filing Date: 2025-08-11
Form: S-3
Chunk 12
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 Corporation Law of the State of Delaware (the “DGCL”). This description is summarized from, and qualified in its entirety by reference to, our Charter and Bylaws, each of which has been publicly filed with the SEC, as well as the relevant provisions of the DGCL.

We have authorized under our
Charter 200,000,000 shares of Class A common stock, par value $0.0001 per share (the “Class A common stock” or the “common
stock”), and 2,000,000 shares of “blank check” preferred stock, par value $0.0001 per share. Our Charter previously
authorized Class C common stock, which was identical to our Class A common stock, except that the Class C common stock was not listed,
was subject to transfer restrictions and was subject to automatic conversion in accordance with the terms of the Charter. Each share of
Class C common stock automatically converted into one share of Class A common stock in accordance with the terms of the Charter.

As of August 8, 2025, we had
23,435,234 shares of common stock and 0 shares of preferred stock outstanding.

Dividend Rights

The DGCL permits a corporation to declare and pay dividends out of “surplus” or, if there is no “surplus,” out of its net profits for the fiscal year in which the dividend is declared and/or the preceding fiscal year. “Surplus” is defined as the excess of the net assets of the corporation over the amount determined to be the capital of the corporation by the board of directors. The capital of the corporation is typically calculated to be (and cannot be less than) the aggregate par value of all issued shares of capital stock. Net assets equals the fair value of the total assets minus total liabilities. The DGCL also provides that dividends may not be paid out of net profits if, after the payment of the dividend, capital is less than the capital represented by the outstanding stock of all classes having a preference upon the distribution of assets. Delaware common law also imposes a solvency requirement in connection with the payment of dividends.

Subject to applicable law and the rights and preferences of any holders of any outstanding series of preferred stock, the holders of common stock will be entitled to the payment of dividends on the common stock when, as and if declared by the CXApp board of directors (“Board”) in accordance with applicable law.

Voting Rights

Holders of common stock will be entitled to one vote for each share held as of the record