---
schema_version: "secwatch.filing_event.v1"
accession: "0001829126-25-002296"
form_type: "8-K"
ticker: "CXAI"
cik: "0001820875"
company_name: "CXApp Inc."
filed_at: "2025-04-01T23:59:59+00:00"
generated_at: "2026-05-24T01:04:10.702885+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CXApp enters $20M prepaid equity facility with Avondale; initial $4.2M draw nets $4M

## Summary
- Initial Pre-Paid Purchase of $4.2M includes $200K OID and $10K expenses; net proceeds $4M.
- 80,000 Commitment Shares issued to Avondale at closing.
- Additional draws up to $20M total, subject to Nasdaq exchange cap and shareholder approval.
- Purchase share price is lower of 120% of Nasdaq Minimum Price or 91% of lowest 10-day VWAP, with 20% floor.
- Proceeds for working capital; potential substantial dilution to existing shareholders.

## SEC filing metadata
- accession: 0001829126-25-002296
- form_type: 8-K
- ticker: CXAI
- cik: 0001820875
- company_name: CXApp Inc.
- filed_at: 2025-04-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820875/000182912625002296/0001829126-25-002296-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820875/000182912625002296/cxapp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829126-25-002296
- JSON: https://secwatch.observer/filing/0001829126-25-002296.json
- Plain text: https://secwatch.observer/filing/0001829126-25-002296.txt

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