CXApp Inc.

CXApp Inc. filed its 10-Q report for the period ending September 30, 2026. The company reported revenues of $3,005 thousand for the third quarter, a significant increase from $1,114 thousand in the prior year. However, the company continued to incur net losses, with a loss of $3,152 thousand for the quarter and $15,775 thousand for the nine-month period. The acquisition of EngineRoom in June 2026 contributed to an increase in intangible assets and goodwill. The company also raised capital through an At-The-Market offering.

CXApp Inc. announced a change in its executive leadership and independent registered public accounting firm. Joy L. Mbanugo separated from her role as Chief Financial Officer effective June 29, 2026, and Melissa G. Podruzny was appointed Interim CFO for an initial three-month period starting July 1, 2026. These changes are related to the company's recent acquisition of EngineRoom. Additionally, the company dismissed WithumSmith+Brown, PC as its auditor and appointed KNAV CPA LLP for the fiscal year ending December 31, 2026, with no reported disagreements with the former auditor.

CXApp Inc. issued 12,267,843 shares of common stock to Avondale Capital, LLC between June 1 and June 3, 2026. The shares were issued at a price ranging from $0.126216 to $0.126217 per share under a pre-paid purchase agreement. This unregistered sale was conducted in reliance on Section 4(a)(2) of the Securities Act of 1933.

CXApp Inc. has acquired EngineRoom, an Australia-based AI-enabled growth intelligence platform, for approximately $4.6 million. This strategic acquisition is expected to significantly boost CXAI's financial performance, tripling its annualized revenue run-rate to over $12 million and adding approximately $1.6 million in adjusted EBITDA. The deal aims to expand CXAI's market reach, accelerate the commercialization of its Agentic AI platform, and establish a scalable foundation for global AI expansion. EngineRoom's founder, Adam Laurie, will continue to lead the acquired business as General Manager.

CXApp Inc. reported its financial results for the first quarter ended March 31, 2026, with revenue of approximately $0.95 million. The company announced significant enterprise momentum, securing approximately $5 million in total contract value from three major enterprise organizations following competitive evaluations. CXApp also highlighted a high-quality revenue mix with 98% subscription revenue, a strong GAAP gross margin of 83%, and a cash position of $12.3 million, alongside being recognized as a Visionary in the Gartner Magic Quadrant for Workplace Experience Applications.

CXApp Inc. reported a significant widening of its net loss to $4.003 million for the first quarter of 2026, compared to a $1.616 million loss in the prior year. Revenues also decreased to $950 thousand from $1.224 million, and net cash used in operating activities more than doubled to $2.210 million. The company explicitly stated that its recurring losses and negative operating cash flows raise substantial doubt about its ability to continue as a going concern, although management has implemented mitigation plans and secured additional financing through a new Pre-Paid Purchase Agreement and an At-The-Market offering.

CXApp Inc. will hold its 2026 Annual Meeting of Stockholders virtually on June 16, 2026. Key proposals include the election of Khurram Sheikh and George Mathai as Class III directors, approval of a Nasdaq 20% rule share issuance, and authorization for a reverse stock split (1-for-5 to 1-for-100) to maintain Nasdaq listing. Stockholders will also vote on executive compensation, its frequency, and the ratification of WithumSmith+Brown, PC as the independent auditor for 2026.

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.

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.