Corporate ActionApr 17, 2026, 05:16 PM
CXApp Issues 7.3M Shares to Avondale Capital in Unregistered Sale
AI Summary
CXApp Inc. announced the issuance of 7,304,178 shares of common stock to Avondale Capital, LLC. These shares were issued on April 13, 16, and 17, 2026, under existing pre-paid purchase agreements from August and October 2025. The shares were sold at prices between $0.144872 and $0.154427 per share, in an unregistered transaction relying on Section 4(a)(2) of the Securities Act of 1933.
Key Highlights
- CXApp Inc. issued 7,304,178 shares of common stock to Avondale Capital, LLC.
- Shares were issued on April 13, 16, and 17, 2026.
- Issuance prices ranged from $0.144872 to $0.154427 per share.
- The sale was an unregistered offering under Section 4(a)(2) of the Securities Act.
Price Impact
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