Company: CXAI
Filing Date: 2025-08-13
Form Type: 424B3
Source: 0001829126-25-006142
Chunk: 38

Company: CXApp Inc.
Filing Date: 2025-08-13
Form: 424B3
Chunk 38
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,150 thousand and Streeterville gave consideration of $3,000 thousand, reflecting original issue discount of $150 thousand. On December 9, 2024, the Company received the net proceeds from Streeterville.

The convertible Pre-Paid Purchase #3 accrues interest on the outstanding balance at 5% per annum. Streeterville may redeem all or any part of the outstanding balance of the convertible Pre-Paid Purchase #3, at any time following earlier of six months from the purchase price date and the effectiveness of the Initial Registration Statement by providing a written notice, in cash or converting into shares of the Company’s common stock at a price equal to the lower of (a) Fixed Price of $1.987 and (b) Market Price which is 91% multiplied by the lowest daily volume weighted average price (“VWAP”) during the ten (10) consecutive trading days immediately prior to the written notice date, but in any event not lower than the Floor Price of $0.331, subject to certain adjustments and ownership limitations specified in the convertible Pre-Paid Purchase. The Pre-Paid Purchase #3 was recorded at its initial fair value of $2,986 thousand. The Company recognized an unrealized gain on change in fair value of pre-paid #3 of $164 thousand. As of June 30, 2025, Pre-Paid Purchase #3 is recorded at fair value of $3,139 thousand and is recognized under convertible debt on the accompanying condensed consolidated balance sheets. For the three months and six months ended June 30, 2025, the Company recognized an unrealized loss on change in fair value of Pre-Paid Purchase #3 of $145 thousand and $197 thousand, respectively.

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The following table presents changes in convertible debt measured at fair value for the six months ended June 30, 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                                     |     |                  |  4,200 |   |
| Settlement(1)                                 |     |                  | (1,678 | ) |
| Fair value measurement adjustments            |     |                  |    500 |   |
| Balance