secwatch.observer — SEC 8-K summary
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Issuer:     CXApp Inc. (CXAI)
CIK:        0001820875
Form:       8-K
Filed at:   2025-10-23T23:59:59+00:00
Accession:  0001829126-25-008390
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CXApp enters $5M Pre-Paid Purchase #3 with Avondale Capital; potential 34.4M share dilution if converted at floor
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- Avondale pays $5M purchase price; principal $5.25M plus 5% annual interest, due upon conversion or maturity.
- Avondale may convert outstanding balance into shares at lower of $0.9142 or 91% of 10-day VWAP, floor price $0.1524.
- Maximum shares issuable at floor price: ~34.45M shares, representing significant potential dilution.
- Also issued 1,583,633 shares to Avondale under Pre-Paid Purchase #1 at prices between $0.6481-$0.6739 per share in October 2025.
- Issuance relies on Section 4(a)(2) exemption; unsecured obligation with standard default provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820875/000182912625008390/0001829126-25-008390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820875/000182912625008390/cxapp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-008390

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer