Company: CXAI
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001829126-25-009077
Chunk: 38

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 of $130 thousand on May 22, 2024, for the shares to be issued within contract to issue common
stock. The Company issued the Class A Common Stock on October 10, 2024, and recorded a gain of $68 thousand on settlement of the contract
to issue common stock.

The convertible Pre-Paid Purchase #1 has the original
principal amount of $2,625 thousand and Streeterville gave consideration of $2,480 thousand, reflecting original issue discount of $125
thousand and Streeterville’s transaction cost of $20 thousand. On June 3, 2024, the Company received the net proceeds. As of
September 30, 2025 and December 31, 2024, Pre-Paid Purchase #1 is recorded at fair value of $0 and $543 thousand respectively and is within
convertible debt on the accompanying condensed consolidated balance sheets. For the three and nine months ended September 30, 2025, the
Company recognized an unrealized loss on change in fair value of Pre-Paid Purchase #1 of $0 and $52 thousand, respectively.

On September 30, 2024, the Company issued an
unsecured convertible Pre-Paid Purchase #2 to the Lender, pursuant to the SPA. The convertible Pre-Paid Purchase #2 has the original
principal amount of $1,050 thousand and Lender gave consideration of $1,000 thousand, reflecting original issue discount of $50 thousand.
On September 30, 2024, the Company received the net proceeds from the Lender. As of September 30, 2025 and December 31, 2024, Pre-Paid
Purchase #2 is recorded at fair value of $0 and $1,028 thousand respectively and is within convertible debt on the accompanying condensed
consolidated balance sheets. For the three and nine months ended September 30, 2025, the Company recognized an unrealized loss on change
in fair value of Pre-Paid Purchase #1 of $0 and $55 thousand, respectively.

On December 9, 2024, the Company issued an unsecured convertible Pre-Paid Purchase #3 to Streeterville, pursuant to the SPA. The convertible Pre-Paid Purchase #3 has the original principal amount of $3,150 thousand and Streeterville gave consideration of $3,000 thousand, reflecting original issue discount of $150 thousand. On December 9, 2024, the Company received the net proceeds from