Form 8-K - Current report
April 17 2024 - 8:55AM
Edgar (US Regulatory)
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0001820875
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2024-04-17
2024-04-17
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported) April 17, 2024
CXAPP INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-39642 |
|
85-2104918 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number)
|
|
(IRS
Employer
Identification No.)
|
Four Palo Alto Square, Suite 200, 3000 El Camino Real, Palo Alto, CA |
|
94306 |
(Address of principal executive offices) |
|
(Zip Code) |
(650)
785-7171
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
☐
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
☐
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
|
☐
|
Pre-commencement
communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered
|
Common |
|
CXAI |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
8.01 Other Events
Inability
to Timely File Form 10-K
As
previously reported in the Notification of Late Filing on Form 12b-25 filed by CXApp Inc. (“Company”) with the Securities
and Exchange Commission (“SEC”) on March 29, 2024 (the “Form 12b-25”), the Company was unable to file the Form
10-K within the prescribed period due to the delay in the audit of the Company’s financial statements in connection with its recent
business combination with its precedecessor, specifically related to the interim stub period from January 1, 2023 to March 14, 2023.
Subsequent to filing the Form 12b-25, the Company continued to dedicate significant resources to the completion of the Form 10-K but
was unable to file the Form 10-K by April 16, 2024, the end of the extension period provided by the Form 12b-25. The Company requires
additional time to complete the review and audit procedures required for the fiscal year. The Company is working diligently to complete
the necessary work to file the Form 10-K as soon as practicable.
Impact
on Sales Pursuant to Rule 144
Until
such time as the Company files its Form 10-K and is otherwise current in its filings with the SEC, Company stockholders will be unable
to utilize Rule 144 for sales of restricted securities.
Impact
on Nasdaq Listing
The
Company’s common stock currently is listed on the Nasdaq Capital Market (“Nasdaq”). Failure by the Company to timely
file the Form 10-K is expected to generate a notification letter from Nasdaq that the Company is no longer in compliance with the Nasdaq
requirement for the timely filing of all required financial reports with the SEC. Such a notification letter, if received, is expected
to grant the Company 60 days from the date of such notice to file the Form 10-K.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
CXApp
Inc.
|
|
|
Date:
April 17, 2024 |
By: |
/s/
Khurram P. Sheikh |
|
Name: |
Khurram P. Sheikh |
|
Title: |
Chairman and Chief Executive Officer |
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