other material
confidence high
sentiment neutral
materiality 0.60
CXApp announces 1-for-50 reverse stock split effective Aug 18, 2026
CXApp Inc.
- Reverse split effective 12:01 a.m. ET Aug 18, 2026; shares to trade split-adjusted on Nasdaq under CXAI, new CUSIP 23248B 307.
- Approx. 116,870,315 shares outstanding pre-split; ~2,337,407 expected post-split; fractional shares rounded up.
- Public warrants (CXAIW) adjusted: exercise price rises from $11.50 to $575.00; each warrant now for 1/50 share, fractional rounded down.
- Split aims to regain Nasdaq minimum bid price compliance (Rule 5550(a)(2)); authorized by stockholders June 16, 2026.
- CEO Khurram Sheikh cites protecting Nasdaq listing and durable capital structure; no change to par value ($0.0001).