Company: CXAI
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001829126-25-002456
Chunk: 72

Company: CXApp Inc.
Filing Date: 2025-04-08
Form: 424B3
Chunk 72
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 for period January 1, 2023, to March 14, 2023.

Management believes that the current liquidity position, including under the SPA with the Lender, pursuant to which the Lender desires to purchase up to $10,000 thousand in shares of the Company’s Common Stock, par value $0.0001, with $3,000 thousand still available to withdraw and with additional $20,000 thousand equity line of credit signed on March 25, 2025, has the ability to mitigate any going concern indicators for a period of at least one year from the date these financial statements are issued.

Liquidity and Capital Resources as of December 31, 2024, Compared with December 31, 2023

The Company’s net cash flows used in operating, investing and financing activities and certain balances are as follows (in thousands):

|                                                      |     | Successor |   Year ended 
 December 31, 
         2024 |   |     |   |  Period from 
    March 15, 
      2023 to 
 December 31, 
         2023 |   |     | Predecessor | Period from 
  January 1, 
     2023 to 
   March 14, 
        2023 |   |
|:-----------------------------------------------------|:----|:----------|-------------:|:--|:----|:--|-------------:|:--|:----|:------------|------------:|:--|
| Net cash used in operating activities                |     | $         |       (7,325 | ) |     | $ |      (12,766 | ) |     | $           |      (5,144 | ) |
| Net cash provided (used) by investing activities     |     |           |          (30 | ) |     |   |        9,946 |   |     |             |         (54 | ) |
| Net cash provided by financing activities            |     |           |        5,980 |   |     |   |        7,620 |   |     |             |       8,892 |   |
| Effect of foreign exchange rate changes on cash      |     |           |          (20 | ) |     |   |          (28 | ) |     |             |           1 |   |
| Net increase (decrease) in cash and cash equivalents |     | $         |       (1,395 | ) |