CXApp Inc. (NASDAQ:CXAI) is one of the best AI penny stocks to buy right now. On February 5, CXApp Inc. (NASDAQ:CXAI) announced a strategic partnership with TouchSource, a provider of digital directories and wayfinding solutions.
According to CXApp, the deal will allow it to integrate its agentic artificial intelligence and workplace intelligence platform with TouchSource’s nationwide digital directory network. The network includes over 11,000 deployments across US commercial properties. On its part, CXApp will contribute agentic AI technology that can proactively guide employees and visitors, surface relevant information, and streamline daily workflows. For TouchSource, the firm will provide its in-venue digital directory and wayfinding infrastructure as the physical touchpoints where AI-driven interactions occur.
The combined product will extend AI-driven assistance beyond traditional workplace apps into the built environment. Both companies plan to collaborate on joint marketing, sales, and product strategy initiatives to drive adoption of the integrated solution.
Meanwhile, on January 30, CXApp issued 4,616,481 shares of common stock to Avondale Capital, LLC in a private placement transaction. The transaction was completed over several days, between January 26 and January 28, 2026.
CXApp said it issued the shares at $0.24024 each, which resulted in a total settlement value of around $1.1 million for Avondale Capital. It said that it conducted the issuance as an unregistered sale of equity securities. The company relied on Section 4(a)(2) of the Securities Act of 1933, which exempts certain transactions from public registration requirements.
CXApp Inc. (NASDAQ:CXAI) is an enterprise software company that integrates artificial intelligence into workplace experience solutions. Its CXAI Platform includes AI-powered tools such as CXAI BTS, a core engine for automation and compliance, and CXAI-VU, a generative AI analytics platform that delivers insights into workplace utilization, employee engagement, and productivity.
While we acknowledge the potential of CXApp Inc. (NASDAQ:CXAI) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CXAI and that has 100x upside potential, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
