Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 436

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 436
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,500 SPAC Class A Ordinary Shares (the “Exchange Shares”) in connection with the Share Exchange. Other than as described above, the Sponsor has agreed not to transfer, assign or sell any of its Founder Shares (including the Exchange Shares) until the earlier to occur of: (A) one year after the completion of a Business Combination or (B) the date on which the Company completes a liquidation, merger, capital stock exchange or similar transaction that results in the Company’s shareholders having the right to exchange their shares of ordinary shares for cash, securities or other property. Notwithstanding the foregoing, if the last sale price of the Company’s SPAC Class A Ordinary Shares equals or exceeds $12.00 per share (as adjusted for share splits, dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30 -tradingday period commencing at least 120 days after the Business Combination, the Founder Shares (including the Exchange Shares) will be released from the lock -up. Private Placement Warrants Simultaneously with the closing of the IPO, the Company consummated the private placement of 8,950,000 Private Placement Warrants to the Initial Sponsor, each exercisable to purchase one SPAC Class A Ordinary Share share at $11.50 per share, at a price of $1.00 per Private Placement Warrant, generating gross proceeds to the Company of $8,950,000. On September 8, 2023, pursuant to the Sponsor Alliance Transaction, the Initial Sponsor transferred to the Sponsor, 6,936,250 Private Placement Warrants. The Initial Sponsor retained 2,013,750 Private Placement Warrants. Initial Note — Related Party On May 21, 2021, the Sponsor agreed to loan the Company an aggregate of up to $300,000 to cover expenses related to the Initial Public Offering pursuant to a promissory note (the “Initial Note”). The Initial Note is non -interestbearing and is payable on the earlier of (i) May 1, 2022 or (ii) the consummation of the Initial Public Offering. The Company has not drawn on the Initial Note and no longer has access to draw funds. Related Party Loans In order to finance transaction costs in connection with a Business Combination, the Company’s Sponsor, an affiliate of the Sponsor, or the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (the “Working Capital Loans”).