CXApp Inc. 8-K
Research Summary
AI-generated summary
CXApp Inc. Issues 4.12M Unregistered Shares to Avondale Capital
What Happened
- CXApp Inc. announced it issued an aggregate of 4,116,659 shares of common stock to Avondale Capital, LLC under Pre‑Paid Purchase #1 (dated March 26, 2025) and Pre‑Paid Purchase #2 (dated August 7, 2025), each entered into pursuant to a Securities Purchase Agreement dated March 26, 2025.
- The shares were issued on March 30, 2026, April 1, 2026, April 8, 2026 and April 10, 2026 at per‑share prices of $0.180453, $0.18045, $0.154427 and $0.154427, respectively. The company filed the Form 8‑K on April 10, 2026.
Key Details
- Total shares issued: 4,116,659 common shares.
- Purchaser: Avondale Capital, LLC.
- Issue dates & prices: Mar 30, 2026 ($0.180453); Apr 1, 2026 ($0.18045); Apr 8, 2026 ($0.154427); Apr 10, 2026 ($0.154427).
- Offering relied on Section 4(a)(2) of the Securities Act (unregistered, non‑public transaction).
Why It Matters
- These issuances increase the company’s outstanding shares and can dilute existing shareholders’ ownership and per‑share metrics (e.g., EPS).
- The sale was not a public offering (registered), so investors should monitor CXApp’s subsequent filings for updated total share count, capitalization changes, or additional financing activity.
- The filing includes standard forward‑looking statement disclosures; facts reported are limited to the share issuance terms and related documentation.