secwatch.observer — SEC 8-K summary
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Issuer:     CXApp Inc. (CXAI)
CIK:        0001820875
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001829126-23-008164
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820875/000182912623008164/0001829126-23-008164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820875/000182912623008164/cxappinc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-008164

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