Corporate ActionApr 10, 2026, 05:21 PM
CXApp Inc. Issues 4.1M Shares to Avondale Capital
AI Summary
CXApp Inc. issued a total of 4,116,659 shares of common stock to Avondale Capital, LLC across four dates in late March and early April 2026. These issuances were made under two pre-paid purchase agreements dated March and August 2025. The shares were sold at prices ranging from approximately $0.154 to $0.180 per share, in reliance on Section 4(a)(2) of the Securities Act for transactions not involving a public offering.
Key Highlights
- CXApp Inc. issued 4,116,659 common shares to Avondale Capital, LLC.
- Shares were issued on March 30, April 1, April 8, and April 10, 2026.
- Issuance prices ranged from $0.154427 to $0.180453 per share.
- Sales were unregistered, relying on Section 4(a)(2) of the Securities Act.
Price Impact
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