CXApp issues 1.21M shares in exchange for $2.03M note principal reduction

CXApp Inc.

Issued 1,213,809 common shares to the holder of a promissory note dated December 15, 2023.
Note principal reduced by approximately $2,027,500; shares priced between $1.57 and $1.83 each.
Exchanges occurred from December 9 to December 26, 2024, under exemption Section 3(a)(9).
Total shares outstanding as of December 26, 2024: 18,641,170.
No commissions or additional consideration paid; transaction dilutes existing shareholders.

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