CXApp Inc-A 2024年度报告

FORM10-K (Mark One)☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31,2024 Or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission File No.001-39642 CXApp Inc.(Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act.Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes☐No☒ The aggregate market value of the Registrant’s shares of Class A common stock outstanding, other than shares held by persons whomay be deemed affiliates of the Registrant, computed as of June30, 2024 (the last business day of the Registrant’s most recentlycompleted second fiscal quarter) was approximately $30,839,257. As of March31, 2025, there were19,805,784shares of the Registrant’s Class A common stock, par value $0.0001 per share, issuedand outstanding. CXAPP INC. FORM 10-K FOR THE PERIOD ENDED DECEMBER31, 2024 TABLE OF CONTENTS PagePart I.1Item 1.Business.1Item 1.A.Risk Factors.8Item 1.B.Unresolved Staff Comments.34Item 1.C.Cybersecurity Disclosures.34Item 2.Properties.36Item 3.Legal Proceedings.36Item 4.Mine Safety Disclosures.36Part II.37Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases ofEquity Securities.37Item 6.[Reserved].37Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations.38Item 7.A.Quantitative and Qualitative Disclosure About Market Risk.56Item 8.Consolidated Financial Statements and Supplementary Data.56Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.56Item 9.A.Controls and Procedures.57Item 9.B.Other Information.59Item 9.C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspection.59Part III.60Item 10.Directors, Executive Officers and Corporate Governance.60Item 11.Executive Compensation.67Item 12.Security Ownership of Certain Beneficial Owners and Management and Related StockholderMatters.70Item 13.Certain Relationships and Related Transactions, and Director Independence.71Item 14.Principal Accountant Fees and Services.73Part IV.74Item 15.Exhibits, Financial Statement Schedules.74Item 16.Form 10-K Summary.76 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND RISK FACTOR SUMMARY This Annual Report on Form 10-K contains statements that are forward-looking and as such are not historical facts. Thisincludes, without li