Company: CXAI
Filing Date: 2025-05-23
Form Type: 424B3
Source: 0001829126-25-003922
Chunk: 39

Company: CXApp Inc.
Filing Date: 2025-05-23
Form: 424B3
Chunk 39
---
994 and is within convertible debt on the accompanying consolidated balance sheets. For the three months ended March 31, 2025, the Company recognized an unrealized loss on change in fair value of Pre-Paid Purchase #3 of $52 thousand.

The following table presents changes in convertible debt measured at fair value for the three months ended March 31, 2025 and for the year ended December 31, 2024.

| Schedule of company’s net deferred tax assets |     | Convertible Debt |       |   |
|:----------------------------------------------|:----|:-----------------|------:|:--|
| Balance as of December 31, 2024               |     | $                | 4,512 |   |
| Additions                                     |     |                  |     - |   |
| Settlement(1)                                 |     |                  |  (350 | ) |
| Fair value measurement adjustments            |     |                  |   118 |   |
| Balance as of March 31, 2025                  |     | $                | 4,280 |   |

| Balance as of December 31, 2023    |     | Convertible Debt |      - |   |
|:-----------------------------------|:----|:-----------------|-------:|:--|
| Additions                          |     |                  |  6,825 |   |
| Settlement(2)                      |     |                  | (2,100 | ) |
| Fair value measurement adjustments |     |                  |   (213 | ) |
| Balance as of December 31, 2024    |     | $                |  4,512 |   |

| (1) | During the three months ended March 31, 2025, the company have issued 242,491 shares of the company’s Class A Common stock pursuant to purchase notices related to Pre-Paid Purchase#1. The shares issued have a total exchange amount of $350 thousand with exchange price of $1.44.                             |
| (2) | During the year ended December 31, 2024, the Company has issued 1,683,104 shares of the Company’s Class A Common Stock pursuant to multiple purchase notices related to Pre-Paid Purchase #1. The shares issued have a total exchange amount of $2,100 thousand with exchange prices ranging from $1.18 to $1.41. |

NOTE 12 – Common Stock

In June 2024, the Company received a notice for