8-KFiled Sep 2, 8:00 PM ET
CXApp Inc. Regains Nasdaq Compliance After 1-for-50 Reverse Split
$CXAI · CXApp Inc.Research Summary
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CXApp Inc. Regains Nasdaq Compliance After 1-for-50 Reverse Split
What Happened
- CXApp Inc. announced it has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum closing bid price of $1.00 per share. Nasdaq notified the company on September 2, 2026 that the stock met the $1.00 threshold for 10 consecutive business days (August 19–September 1, 2026) and confirmed the matter is closed.
- The company effected a 1-for-50 reverse stock split of its Class A common stock effective August 18, 2026 (12:01 a.m. ET). The company subsequently issued a press release on September 3, 2026 announcing the regained compliance. The Nasdaq compliance letter is filed as Exhibit 99.1 and the press release as Exhibit 99.2 to the Form 8-K.
Key Details
- Initial Nasdaq notice of noncompliance received: September 11, 2025 (failure to maintain $1.00 minimum bid).
- Initial compliance period granted: 180 days (until March 10, 2026); extended on March 11, 2026 for an additional 180 days (until September 7, 2026).
- Reverse split ratio: 1-for-50, effective August 18, 2026 at 12:01 a.m. ET.
- Nasdaq confirmation date: September 2, 2026 — company met the $1.00 closing bid requirement for the required 10 consecutive business days (Aug 19–Sep 1, 2026).
Why It Matters
- Regaining compliance removes the immediate risk of delisting under Nasdaq’s minimum bid-price rule, allowing CXApp to remain listed on Nasdaq.
- The 1-for-50 reverse split adjusted the company’s share count and per-share price, which directly resulted in meeting Nasdaq’s $1.00 minimum bid-price condition as documented by Nasdaq’s letter and the company's press release.