Company: CXAI
Filing Date: 2025-04-07
Form Type: PRE 14A
Source: 0001829126-25-002441
Chunk: 61

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: PRE 14A
Chunk 61
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 and warrants holding fractional shares will have their shares rounded up to the nearest whole number. Shares of common stock issued pursuant to the Reverse Stock Split will remain fully paid and non-assessable.

Fractional Shares.
No fractional share certificates will be issued in connection with the Reverse Stock Split. Stockholders who otherwise would be entitled
to receive fractional shares because they hold a number of Old Shares not evenly divisible by the 1-for-5 or 1-for-10 Ratio, will be entitled,
upon surrender of certificate(s) representing these shares, to a number of New Shares rounded up to the nearest whole number. The ownership
of a fractional interest will not give the stockholder any voting, dividend or other rights except to have his or her fractional interest
rounded up to the nearest whole number when the New Shares are issued.

Options and Warrants.
All outstanding options, warrants, notes, debentures and other securities convertible into shares of the Company’s common stock
will be adjusted as a result of the Reverse Stock Split, as required by the terms of these securities. In particular, the conversion
ratio for each instrument will be reduced, and the conversion price or exercise price, if applicable, will be increased, in accordance
with the terms of each instrument and based on the Ratio in the range between, and including, 1-for-5 shares and 1-for-10 shares, with
the final ratio to be determined by the Company’s Board.

Certain Risks Associated with a Reverse Stock Split

Reducing the number of outstanding
shares of the Company’s common stock through the Charter Amendment is intended, absent other factors, to increase the per share
market price of the common stock. Other factors, however, such as the Company’s financial results, market conditions, the market
perception of the Company’s business and other risks, including those set forth below and in the Company’s SEC filings and
reports, including its Annual Report on Form 10-K for the year ended December 31, 2024, may adversely affect the market price of the common
stock. As a result, there can be no assurance that the Reverse Stock Split, if completed, will result in the intended benefits described
above, that the market price of the common stock will increase following the Reverse Stock Split or that the market price of
the common stock will not decrease in the future.

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The Reverse Stock Split May Not Result in a Sustained Increase in the Price of the Common Stock.