Cxapp Inc. (CXAI) - Form 8-K Summary
Business Context and Reporting Period
Cxapp Inc., a Delaware corporation, filed this Current Report on Form 8-K on September 12, 2025, regarding an event that occurred on September 11, 2025. The Company's common stock and warrants trade on The Nasdaq Capital Market under the symbols CXAI and CXAIW, respectively. The Company is classified as an emerging growth company.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The report focuses exclusively on a regulatory notice regarding stock listing standards.
Material Changes and Events
On September 11, 2025, the Company received a Minimum Bid Price Notice from Nasdaq. The notice states that for the last 30 consecutive business days, the closing bid price of the Company's common stock has been below the minimum requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2). This deficiency does not have an immediate effect on the listing, and trading will continue.
Outlook, Risks, and Compliance Timeline
- Compliance Period: The Company has an initial 180-day compliance period ending March 10, 2026, to regain compliance.
- Requirement: To cure the deficiency, the closing bid price must meet or exceed $1.00 per share for a minimum of ten consecutive trading days.
- Secondary Option: If the Company fails to regain compliance by the initial deadline, it may be eligible for an additional 180-day period, provided it meets the market value of publicly held shares requirement and other initial listing standards.
- Risk of Delisting: Failure to qualify for or succeed in the second compliance period may result in a determination to delist the Common Stock, subject to an appeal process.
- Management Commentary: Management stated it will monitor the bid price and consider available options to regain compliance but noted there can be no assurance of success.
Investor Verification Checklist
- Verify the current closing bid price of CXAI to assess proximity to the $1.00 threshold.
- Monitor the Company's stock price for ten consecutive trading days above $1.00 to confirm compliance.
- Review the Company's market value of publicly held shares to determine eligibility for a second compliance period if needed.
- Check for any future 8-K filings regarding the Company's intent to cure the deficiency or an appeal of a potential delisting.