Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 580

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 4
Chunk 580
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,766 thousand cash for operating activities. The Predecessor Company used approximately $5,144 thousand cash for operating activities for period January 1, 2023, to March 14, 2023.

 Management believes that the current liquidity position, including under the SPA with the Lender, pursuant to which the Lender desires to purchase up to $10,000 thousand in shares of the Company’s Common Stock, par value $0.0001, with $3,000 thousand still available to withdraw and with additional $20,000 thousand equity line of credit signed on March 25, 2025, has the ability to mitigate any going concern indicators for a period of at least one year from the date these financial statements are issued.

Liquidity and Capital Resources as of December 31, 2024, Compared with December 31, 2023

The Company’s net cash flows used in operating, investing and financing activities and certain balances are as follows (in thousands):

    Successor

    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