Recent Updates — CXAIW
CXApp Inc. filed a Certificate of Amendment to effect a one-for-fifty (1-for-50) reverse stock split of its common stock, effective August 18, 2026. The Board approved the split to increase the per-share trading price and regain compliance with Nasdaq’s minimum bid-price requirement. Approximately 116,870,315 pre-split shares will combine into roughly 2,337,407 post-split shares, with fractional interests rounded up to whole shares. Outstanding Public Warrants (CXAIW) are adjusted so each becomes exercisable for 1/50th of a share at an increased exercise price of $575.00, up from $11.50. CXApp Inc. operates in the enterprise AI software industry.
On June 30, 2026, CXApp Inc. dismissed WithumSmith+Brown, PC as its independent registered public accounting firm and appointed KNAV CPA LLP for the fiscal year ending December 31, 2026. Additionally, CFO Joy L. Mbanugo separated from the company effective June 29, 2026. On July 1, 2026, the company appointed Melissa G. Podruzny as Interim CFO for an initial three-month transition period. Ms. Podruzny, formerly the Head of Finance at acquired entity EngineRoom, will receive an annual base salary of CAD 141,180, a CAD 30,000 interim assignment premium, a CAD 20,000 transition completion bonus, and 50,000 stock options. These changes follow the company's June 3, 2026 acquisition of Virtus Digital Marketing Pty Ltd (dba EngineRoom). CXApp Inc. provides software solutions for the healthcare and life sciences industries.