Company: CXAI
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001829126-25-002456
Chunk: 140

Company: CXApp Inc.
Filing Date: 2025-04-08
Form: 424B3
Chunk 140
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   |     |          |            |     |       |            |   |
|                                                          |     | Public   
 Warrants |            |   |     | Private  
 Warrants |            |     | Total |            |   |
| January 1, 2023                                          |     |          | 13,800,000 |   |     |          | 10,280,000 |     |       | 24,080,000 |   |
| Warrants exchanged                                       |     |          | (2,000,000 | ) |     |          |          - |     |       | (2,000,000 | ) |
| Warrants exercised – cash                                |     |          |   (435,000 | ) |     |          |          - |     |       |   (435,000 | ) |
| Warrants exercised – cashless                            |     |          |   (613,138 | ) |     |          |          - |     |       |   (613,138 | ) |
| December 31, 2023                                        |     |          | 10,751,862 |   |     |          | 10,280,000 |     |       | 21,031,862 |   |

<div align='center'>F-29</div>

NOTE 11 – Stock Option Plan and Stock-Based Compensation

2023 Equity Incentive Plan

At the special meeting held on March 10, 2023, the KINS stockholders considered and approved, among other things, the Incentive Plan. The Incentive Plan was previously approved, subject to stockholder approval, by KINS’ board of directors. The Incentive Plan became effective immediately upon the closing of the Business Combination. Pursuant to the terms of the Incentive Plan, there are 2,110,500 shares of CXApp Class A Common Stock available for issuance under the Incentive Plan, which is equal to 15% of the aggregate number of shares of CXApp common stock issued and outstanding immediately after the closing of the Business Combination (giving effect to the redemptions).

Employee Stock Options

To calculate the stock-based compensation resulting from the issuance of options, the Company uses the Black-Scholes option pricing model, which is affected by the Company’s fair value of its stock price as well as assumptions regarding a number of subjective variables. These variables include, but are not limited to, the Company’s expected stock price volatility over the term