CXAI Announces $1 Million Share Repurchase Program and Standstill Agreement with Financing Partner; Targets Positive Operating Cash Flow by Q3 2027
Key Highlights
- ➤CXAI authorizes up to $1 million in common-stock repurchases
- ➤Avondale agrees to a conditional 90-day standstill on purchases and conversions
- ➤CXAI targets positive operating cash flow by Q3 2027
- ➤EngineRoom acquisition lifts pro-forma annualized revenue run-rate above $12 million
- ➤Financial-services agreements exceed $4 million in aggregate contracted value
Expert Statements
Khurram Sheikh, Chairman and Chief Executive Officer of CXAI
“CXAI has reached an important inflection point. We have expanded our global operating capabilities, established a broader recurring-revenue platform and strengthened our enterprise AI technology and customer relationships.”
Khurram Sheikh, Chairman and Chief Executive Officer of CXAI
“Our Board's authorization of a $1 million share repurchase program reflects our confidence in CXAI's long-term prospects and our commitment to disciplined capital allocation. Combined with our operating efficiency initiatives and expanding enterprise AI capabilities, we believe we have established a strong foundation to drive sustainable financial performance and long-term shareholder value”
Khurram Sheikh, Chairman and Chief Executive Officer of CXAI
“CXAI is entering an exciting new phase of growth and execution”
Khurram Sheikh, Chairman and Chief Executive Officer of CXAI
“We have built a strong foundation through our technology, expanding customer relationships and global capabilities. Now, our focus is on translating that momentum into sustainable financial performance, with a clear target of achieving positive operating cash flow by Q3 2027. We believe we are well positioned to unlock the long-term potential of our enterprise AI platform and create lasting value for our shareholders.”
PALO ALTO, CA / ACCESS Newswire / October 22, 2026 / CXApp Inc. (Nasdaq:CXAI), an enterprise agentic AI platform company, today announced a series of strategic initiatives designed to strengthen its capital structure, enhance financial discipline and advance its transformation into a financially sustainable, recurring-revenue AI business.
The initiatives include a share repurchase program of up to $1 million, a standstill agreement with Avondale Capital, LLC, and a comprehensive AI-based operating efficiency program. Together, these initiatives are intended to strengthen financial flexibility, support disciplined capital allocation and accelerate CXAI's progress toward its goal of achieving positive operating cash flow, which management is targeting by the third quarter of 2027.
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