Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
CXApp Inc. incurred loan of $3,885,000 original principal amount, unsecured Promissory Note, purchase price of $3,000,000 after $870,000 original is with Streeterville Capital, LLC at ten percent (10%) per annum compounded daily; upon Event of Default, lesser of t maturing 12 months from date of issuance (December 15, 2023).
- Instrument
- loan
- Principal
- $3,885,000 original principal amount, unsecured Promissory Note, purchase price of $3,000,000 after $870,000 original is
- Counterparty
- Streeterville Capital, LLC
- Rate
- ten percent (10%) per annum compounded daily; upon Event of Default, lesser of t
- Maturity
- 12 months from date of issuance (December 15, 2023)
- Event
- incurrence
Exact text from the filing
On December 15, 2023, CXApp Inc. (the "Company", "we", "us" or "our") entered into a Note Purchase Agreement (the "Note Purchase Agreement") with Streeterville Capital, LLC (the "Investor") and consummated the sale to such Investor of an unsecured Promissory Note (the "Note") with an original principal amount of $3,885,000 in a private placement (the "Private Placement") that closed on December 15, 2023.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.98
CXApp Inc. entered into Note Purchase Agreement with Streeterville Capital, LLC valued at $3,885,000 original principal amount; $3,000,000 purchase price (effective 2023-12-15).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Streeterville Capital, LLC
- Value
- $3,885,000 original principal amount; $3,000,000 purchase price
- Effective
- 2023-12-15
Exact text from the filing
On December 15, 2023, CXApp Inc. (the "Company", "we", "us" or "our") entered into a Note Purchase Agreement (the "Note Purchase Agreement") with Streeterville Capital, LLC (the "Investor") and consummated the sale to such Investor of an unsecured Promissory Note (the "Note") with an original principal amount of $3,885,000 in a private placement (the "Private Placement") that closed on December 15, 2023.
View on SEC.gov