CXApp Stock on the Move Pre-Market After EngineRoom AI Announcement
CXApp said it acquired Australia’s EngineRoom for $4.6 million, aiming to boost annualized revenue run-rate above $12 million. Shares jumped 62.9% in premarket trading to 25.94 cents after closing at 15.92 cents. The company remains below Nasdaq’s $1 minimum bid and faces a reverse split vote June 16. Recent filings show over 39 million new shares issued to Avondale Capital since mid-May.