Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 223

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1A
Chunk 223
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 Predecessor

    Year endedDecember 31,2024

    Period fromMarch 15,2023 toDecember 31,2023

    Period fromJanuary 1,2023 toMarch 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
    )
     
    $
    4,772

    $
    3,695

    December 31,2024

    December 31,2023

    Cash and cash equivalents
     
    $
    4,880

    $
    6,275

    Working capital deficit
     
    $
    (4,496
    )
     
    $
    (1,287
    )

Operating Activities for the years ended December 31, 2024, and 2023

Net cash used in operating activities during the period consisted of the following (in thousands):

    Successor

    Predecessor

    Year ended December 31, 2024

    Period fromMarch 15,2023 toDecember 31,2023

    Period fromJanuary 1,2023 toMarch 14,2023

    Net loss
     
    $
    (19,408
    )
     
    $
    (49,238
    )
     
    $
    (4,380
    )
  
    Non-cash income and expense

    11,802

    40,813

    1,200

    Net change in operating assets and liabilities

    (281
    )

    (4,341
    )

    (1,964
    )
  
    Net cash used in operating activities
     
    $
    (7,325
    )
     
    $
    (12,766
    )
     
    $