---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-23-008164"
form_type: "8-K"
ticker: "CXAI"
cik: "0001820875"
company_name: "CXApp Inc."
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T09:18:58.930740+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CXApp raises $3M through private placement of 10% unsecured promissory note with Streeterville Capital

## Summary
- Note principal $3,885,000; net proceeds $3,000,000 after $870,000 OID and $15,000 transaction costs.
- Interest at 10% compounded daily; maturity 12 months from December 15, 2023.
- Monthly redemption rights for Streeterville from June 15, 2024, up to 1/6 of initial principal each month.
- Company may prepay; events of default increase interest to 22%.
- Participation right grants Streeterville option to invest in up to 10% of future Restricted Issuances.

## SEC filing metadata
- accession: 0001829126-23-008164
- form_type: 8-K
- ticker: CXAI
- cik: 0001820875
- company_name: CXApp Inc.
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820875/000182912623008164/0001829126-23-008164-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820875/000182912623008164/cxappinc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-23-008164
- JSON: https://secwatch.observer/filing/0001829126-23-008164.json
- Plain text: https://secwatch.observer/filing/0001829126-23-008164.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820875/000182912623008164/0001829126-23-008164-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820875/000182912623008164/0001829126-23-008164-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.