CXApp Inc. Receives Additional 180-Day Compliance Period from Nasdaq
As previously disclosed, the Company was initially notified by Nasdaq on
Nasdaq has determined that CXApp meets all other applicable listing standards for the Nasdaq Capital Market, including requirements related to market value of publicly held shares, and has therefore granted the Company this additional compliance period.
If at any time during this period the closing bid price of the Company's common stock is at least
"We appreciate Nasdaq granting CXAI this additional compliance period. Our team remains fully committed to strengthening shareholder value and executing on our strategy to deliver enterprise-scale agentic AI solutions that transform the workplace experience. We are focused on continued operational progress, strategic partnerships, and growth initiatives that we believe will support our efforts to regain compliance well within this 180-day period."
The notification has no immediate effect on the listing of the Company's common stock, which will continue to trade on the Nasdaq Capital Market under the ticker symbol "CXAI."
CXAI intends to actively monitor the closing bid price of its common stock and will consider all available options to regain compliance with Nasdaq's minimum bid price requirement.
About
CXAI's customers include major Fortune 1000 Global Companies in the technology, financial services, consumer, healthcare, and media entertainment verticals.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the Company may differ from its actual results and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," or the negative or other variations thereof and similar expressions are intended to identify such forward looking statements. These forward-looking statements include, without limitation, expectations with respect to future performance of the Company, including projected financial information (which is not audited or reviewed by the Company's auditors), and the future plans, operations and opportunities for the Company and other statements that are not historical facts. These statements are based on the current expectations of the Company's management and are not predictions of actual performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Factors that may cause such differences include, but are not limited to: the demand for the Company's services together with the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors or changes in the business environment in which the Company operates; changes in consumer preferences or the market for the Company's services; changes in applicable laws or regulations; the availability or competition for opportunities for expansion of the Company's business; difficulties of managing growth profitably; the loss of one or more members of the Company's management team; loss of a major customer and other risks and uncertainties included from time to time in the Company's reports (including all amendments to those reports) filed with theSecurities and
SOURCE:
press release