CXApp Secures $5 Million Pre-Paid Purchase Financing from Avondale Capital

Reuters10-24

<a href="https://laohu8.com/S/CXAI">CXApp</a> Secures $5 Million Pre-Paid Purchase Financing from Avondale Capital

CXApp Inc. has entered into a new financing agreement, Pre-Paid Purchase #3, with Avondale Capital, LLC. Under the terms of the agreement, Avondale paid $5 million to CXApp Inc., with the company agreeing to repay $5.25 million plus interest, fees, and any applicable charges at a rate of five percent per annum. The agreement features an original issue discount of $250,000 and remains unsecured, containing standard events of default, representations, warranties, and covenants. The arrangement also allows Avondale to receive shares of CXApp common stock in satisfaction of the outstanding balance, with a maximum of approximately 34.4 million shares issuable under the agreement, depending on the share price.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CXApp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-25-008390), on October 23, 2025, and is solely responsible for the information contained therein.

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