secwatch.observer — SEC 8-K summary
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Issuer:     CXApp Inc. (CXAI)
CIK:        0001820875
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0001829126-25-002296
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820875/000182912625002296/0001829126-25-002296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820875/000182912625002296/cxapp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-002296

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