Company: CXAI
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001829126-25-006142
Chunk: 53

Company: CXApp Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 53
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 |   |                  |   |     |   |                    |   |     |   |                  |   |
| Changes in fair value of warrant liabilities                 |     |   |               (880 | ) |     |   |           (3,076 | ) |     |   |              1,051 |   |     |   |            2,523 |   |
| Loss on debt extinguishment                                  |     |   |                  - |   |     |   |               48 |   |     |   |                  - |   |     |   |                - |   |
| Unrealized (gain) loss                                       |     |   |               (291 | ) |     |   |             (287 | ) |     |   |                 30 |   |     |   |               86 |   |
| Loss on contract to issue common stock                       |     |   |                 21 |   |     |   |               21 |   |     |   |                    |   |     |   |                  |   |
| Stock-based compensation - compensation and related benefits |     |   |                754 |   |     |   |            1,378 |   |     |   |                835 |   |     |   |            1,436 |   |
| Adjusted EBITDA                                              |     | $ |             (2,678 | ) |     | $ |           (5,088 | ) |     | $ |             (2,110 | ) |     | $ |           (4,391 | ) |

We rely on Adjusted EBITDA, which is a non-GAAP financial measure for the following:

| ● | To compare our current operating results with corresponding periods and with the operating results of other companies in our industry; |

| ● | As a basis for allocating resources to various projects; |

| ● | As a measure to evaluate potential economic outcomes of acquisitions, operational alternatives and strategic decisions; and |

| ● | To evaluate internally the performance of our personnel. |

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We have presented Adjusted EBITDA above because we believe it conveys useful information to investors regarding our operating results. We believe it provides an additional way for investors to view our operations, when considered with both our GAAP results and the reconciliation to net loss. By including this information, we can provide investors with a more complete understanding of our business. Specifically, we present Adjust