Dividends & Buybacks ·
CXApp authorizes $1M share repurchase program and enters 90-day standstill with Avondale Capital
CXAICXApp Inc.
CXApp Inc.'s Board authorized a share repurchase program allowing the company to buy back up to $1 million of its common stock through open-market or privately negotiated transactions. The program has no expiration date and may be modified, suspended, or terminated at any time without prior notice. Additionally, CXApp entered into a 90-day standstill agreement with Avondale Capital, LLC, restricting Avondale's ability to convert pre-paid purchases into common stock unless specific price and volume conditions are met. This agreement aims to provide predictability regarding potential equity issuances and dilution while the company implements an operating efficiency initiative targeting positive operating cash flow by the third quarter of 2027. CXApp Inc. is an enterprise agentic AI platform company developing intelligent software that connects people, places, workflows and operational data.