CXApp Stock on the Move Pre-Market After EngineRoom AI Announcement
CXApp Inc. shares were up in early premarket trading Thursday after the workplace AI software maker said it bought Australia’s EngineRoom. Management said the deal would more than triple its annualized revenue run-rate. Webull showed CXAI at 25.94 cents as of 4:11 a.m. EDT, a jump of 62.9% from the prior close at 15.92 cents. Benzinga reported CXAI touched 28 cents after hours on the news. CXApp is thinly traded and its Nasdaq stock is still under the $1 minimum bid. Any deal that brings in revenue helps. Timing also counts. Shareholders will vote June 16 on a reverse split to reduce share count and push the price up, aimed at keeping the listing.