CXApp Authorizes Up to $1 Million in Buybacks Alongside Avondale Standstill
Photo: TokenPost
CXApp Inc. announced Oct. 22 that its board authorized up to $1 million in common-stock repurchases and that it had entered a conditional 90-day standstill agreement with Avondale Capital. The authorization sets a limit for potential buybacks, while the standstill restricts specified activity under Avondale financing instruments. CXApp may make repurchases over time through open-market transactions or other legally permitted methods. Any purchases are subject to market conditions, financing arrangements and management’s discretion. The standstill restricts certain Avondale purchases and conversion-related activity. Those activities may resume if specified stock-price and trading-volume conditions are met.
Source: TokenPost
