Company: CXAI
Filing Date: 2025-05-09
Form Type: S-1
Source: 0001829126-25-003532
Chunk: 167

Company: CXApp Inc.
Filing Date: 2025-05-09
Form: S-1
Chunk 167
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 end of the reporting period in which the combination occurs, the acquirer shall report in its financial statements’ provisional amounts for the items for which the accounting is incomplete. During the measurement period, acquirer shall adjust the provisional amounts recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. The Company continued to refine its inputs and estimates inherent in (i) the valuation of intangible assets, (ii) deferred income taxes, (iii) realization of tangible assets and (iv) the accuracy and completeness of liabilities through March 14, 2024, when the purchase price allocation was finalized.

CXApp Pro Forma Financial Information

The following pro forma financial information presents the consolidated balance sheet and results of operations of the Company for the year ended December 31, 2023, as if the acquisition had occurred as of the beginning of the first period presented (January 1, 2023). The pro forma information does not necessarily reflect the results of operations that would have occurred had the entities been a single company during those periods.

F-22

CXAPP INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA CONSOLIDATED BALANCE SHEETS

(in thousands)

| Schedule of proforma financial information |     | As of        
 December 31, 
 2023         |        |
|:-------------------------------------------|:----|:-------------|-------:|
| Assets                                     |     |              |        |
| Current assets                             |     | $            |  9,029 |
| Noncurrent assets                          |     |              | 27,552 |
| Total assets                               |     | $            | 36,581 |
| Liabilities                                |     |              |        |
| Current liabilities                        |     | $            | 10,316 |
| Noncurrent liabilities                     |     |              |    867 |
| Total liabilities                          |     | $            | 11,183 |
| Stockholders’ equity                       |     | $            | 25,398 |
| Total stockholders’ equity                 |     | $            | 25,398 |
| Total liabilities and equity               |     | $            | 36,581 |

CXAPP INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA CONSOLIDATED STATEMENTS OF OPERATIONS AND
COMPREHENSIVE INCOME (LOSS)

(in thousands)

|