Terry Blanchard
On March 31, 2025, CXApp Inc. (the “Company”) issued a press release announcing the appointment of Terry Blanchard as Senior Vice President of Engineering.
Highest-materiality recent filing
CXApp issues 12.3M shares to Avondale Capital at ~$0.126 per share, diluting existing holders
Issued 12,267,843 common shares to Avondale Capital under Pre-Paid Purchase #3 dated Oct 17, 2025.
CXAI acquires EngineRoom for $4.6M; annual revenue run-rate to exceed $12M
Purchase price ~$4.6M: $2.99M cash, $1.15M earnout, $0.46M escrow; 100% of equity acquired.
CXApp issues 26.7M shares to Avondale Capital in unregistered sale at ~$0.13/share
Issued 26,729,531 shares of common stock to Avondale Capital under Pre-Paid Purchase #3 dated Oct 17, 2025.
CXApp Q1 revenue $0.95M, gross margin 83%, announces $5M in new enterprise contract value
Q1 2026 revenue ~$0.95M; subscription revenue 98% of total; GAAP gross margin 83%.
CXApp issues 7.3M shares to Avondale Capital at ~$0.15/share in unregistered sale
Issued 7,304,178 shares of common stock to Avondale Capital, LLC under pre-paid purchase agreements dated Aug & Oct 2025.
Issued 4,116,659 shares of common stock to Avondale Capital, LLC.
CXApp issues 10M shares to Avondale Capital at $0.16-$0.20 in private placement
Issued 10,028,891 shares of common stock to Avondale Capital under two pre-paid purchase agreements dated March and August 2025.
CXApp receives Nasdaq extension to cure bid price deficiency until Sep 7, 2026
Company failed to meet $1.00 minimum bid price requirement by original March 10, 2026 deadline.
CXApp issues 4.6M shares to Avondale Capital at $0.24 per share in private placement
Issued 4,616,481 common shares to Avondale Capital at $0.24024 per share.
CXApp issues 3.27M shares to Avondale Capital at $0.349/share in unregistered sale
Issued 3,266,615 shares of common stock to Avondale Capital, LLC at $0.348985 per share.
Avondale pays $5M purchase price; principal $5.25M plus 5% annual interest, due upon conversion or maturity.
CXApp receives Nasdaq bid price deficiency notice; must cure by March 2026
Nasdaq notified CXApp on Sept 11, 2025 that common stock bid price below $1.00 for 30 consecutive business days.
CXApp enters ATM equity facility for up to $7.96M with Maxim Group
ATM agreement with Maxim Group for up to $7,959,040 of common stock; 3% cash commission to Maxim.
CXApp files Certificate of Validation to ratify Second Amended Charter, effective March 14, 2023
Board filed Certificate of Validation on Aug 4, 2025, due to clerical omission; charter not filed in 2023.
CXApp shareholders approve reverse stock split (1:5 to 1:10) to maintain Nasdaq listing
Reverse split authorized by 7.6M for vs 2.6M against; board may choose ratio between 1-for-5 and 1-for-10.
CXApp Q1: Subscription rev 99%, GM 88%, EPS ($0.08); 3 Fortune 500 renewals at 130%+ ARR
Subscription revenue split 99% (vs 87% YoY); gross margin 88% (vs 82% YoY).
CXApp restates prior financials; reports record ARR and 82% gross margin for FY2024
Restating unaudited Q2/Q3 2024 statements due to understated legal accrual and improper convertible note derivative accounting.
CXApp enters $20M prepaid equity facility with Avondale; initial $4.2M draw nets $4M
Initial Pre-Paid Purchase of $4.2M includes $200K OID and $10K expenses; net proceeds $4M.
Terry Blanchard appointed SVP of Engineering, reporting to CEO Khurram Sheikh, leading global engineering and AI development.
CXApp issues 1.21M shares in exchange for $2.03M note principal reduction
Issued 1,213,809 common shares to the holder of a promissory note dated December 15, 2023.
CXApp stockholders elect director, approve executive compensation, ratify auditor at annual meeting
Di-Ann Eisnor elected Class I director with 3,986,976 for, 0 against, 127,164 abstain.
CXApp appoints Joy Mbanugo as CFO, replacing interim CFO Khurram Sheikh
Mbanugo appointed CFO effective August 19, 2024; succeeds Khurram Sheikh, who remains Chairman & CEO.
CXApp receives Nasdaq notice for late Form 10-Q filing; must submit compliance plan by June 17
Nasdaq notified CXApp on May 22, 2024 for noncompliance with Listing Rule 5250(c)(1) due to delayed Form 10-Q.
CXApp delays Q1 10-Q filing; Nasdaq non-compliance for late 2023 10-K continues
Failed to file Q1 2024 Form 10-Q by May 20 extension; delay due to audit related to business combination.
CXApp receives Nasdaq delisting notice for late 10-K filing
Received Nasdaq notice on April 18, 2024 for failing to timely file 2023 Form 10-K (Listing Rule 5250(c)(1)).
CXApp misses Form 10-K deadline; Nasdaq non-compliance expected
Company failed to file FY 2023 Form 10-K by April 16 extension deadline.
On March 31, 2025, CXApp Inc. (the “Company”) issued a press release announcing the appointment of Terry Blanchard as Senior Vice President of Engineering.
announcing the appointment of Terry Blanchard as Senior Vice President of Engineering.
appointed Joy Mbanugo to serve as Chief Financial Officer of the Company, effective immediately.
Max materiality 0.75 · Median 0.65 · Most common event other_material