CXApp Inc. (CXAI): auditor change — CXApp restates FY2022 and Q2/Q3 2022 financials due to accounting error; material weakness identified

CXApp Inc.

Non-reliance on prior financials: year ended Dec 31, 2022 and quarters ended June 30, Sept 30, 2022.
Error: extinguishment of deferred underwriter commission should have reversed offering costs, not recognized as gain.
Restatement does not affect cash balances, trust account, operating expenses, or cash flows.
Material weakness in internal control over financial reporting; disclosure controls ineffective.
Company will file Form 10-K/A and amend prior filings; no impact on liquidity.

item 4.02

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

CXApp Inc. reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

he Annual Report, the “Prior Financial Statements”) should no longer be relied upon and that it is appropriate to restate the Annual Report and each of the Quarterly Reports referenced above. As such, the Company will restate its financial statements in a Form 10-K/A (the “Restatement Filing”) for the Company’s consolidated financial statements included in the Original

View on SEC.gov

6 auditor changes filed in the last 30 days. Browse all auditor changes →

CXApp Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-047256

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.