Cxapp Inc. (CXAI) 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Cxapp Inc. on March 12, 2026, regarding events occurring on March 11, 2026. The Company is an emerging growth company incorporated in Delaware with its principal executive offices in Palo Alto, California. Its common stock (CXAI) and warrants (CXAIW) are listed on The Nasdaq Capital Market.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on regulatory compliance regarding stock listing standards rather than financial performance.
Material Changes and Listing Status
- Non-Compliance Notification: On September 11, 2025, Nasdaq notified the Company that its common stock closing bid price had been below the required $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2).
- Initial Compliance Period: The Company failed to regain compliance by the initial deadline of March 10, 2026.
- Extension Granted: On March 11, 2026, Nasdaq granted an additional 180-day compliance period, extending the deadline to September 7, 2026.
- Current Status: The Common Stock will continue to trade on The Nasdaq Capital Market during this extension period.
Outlook, Risks, and Management Commentary
To regain compliance, the Company must maintain a closing bid price of at least $1.00 per share for a minimum of 10 consecutive trading days before September 7, 2026. Management has indicated an intention to cure the deficiency, potentially by effecting a reverse stock split if necessary. There is no assurance that the Company will successfully regain compliance. If the requirement is not met by the September 7, 2026 deadline, Nasdaq will notify the Company of delisting, at which point the Company may appeal the determination to a Hearings Panel.
Key Facts for Investor Verification
- Verify the current trading price of CXAI to assess the likelihood of meeting the $1.00 threshold.
- Monitor for shareholder meeting notices regarding a potential reverse stock split.
- Confirm the exact deadline for compliance is September 7, 2026.
- Check for any subsequent 8-K filings regarding delisting notices or appeals if the September deadline is missed.