Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 7

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 7
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oceres Group PLC’s policy to distribute shares of its investees to its limited partners, so that they hold shares directly, and not through any investment vehicle. (10)Company Shares issued to Theo pursuant to the Backstop Agreement assuming that it satisfies its obligations thereunder pursuant to the subscription of 1,000,000 Company Shares at a subscription price of $10.00 per Company Share. Any Company Shares issued to Theo pursuant to the Backup Agreement will have a dilutive effect on other shareholders. See “ Certain Agreements Related to the Business Combination — Backstop Agreement.” (11)Pursuant to the EarlyBird Engagement Letter, the EarlyBird Fees are due on the six -monthanniversary of the Closing and the Company may elect to pay up to $500,000 of the EarlyBird Fees in Company Shares. The total amount of Company Shares issuable will be determined on the six -monthanniversary of the Closing by dividing $500,000 (or such lesser amount, as the Company may elect) by the volume -weightedaverage price (VWAP) of the Company shares for the ten trading days immediately preceding this anniversary. Currently, the Company does not know if it will elect to exercise this option to pay a portion of the EarlyBird Fees in Company Shares, and it cannot reasonably estimate the VWAP that will be used to calculate the number of Company Shares to be issued if it elects to exercise such option. Accordingly, the Company has not included potential dilution that may result from the exercise of the Company’s option to pay for a portion of the EarlyBird Fee in Company Shares. See “ Certain Agreements Relating to the Business Combination — EarlyBird Engagement Letter.” (12)The amount left in trust was calculated as cash held in Trust Account as of June 30, 2024, plus accrued interest receivable adjusted for reductions in the Trust Account reflecting the various redemption scenarios (based on the estimated per -shareredemption price of approximately $11.60 per share as of June 30, 2024) and gives effect to redemptions of Public Shares made after the December 2024 EGM. See “ Preliminary Proxy Statement — Compensation Received by the Sponsors — Conflicts of Interest” and “ Business of APx and Certain Information About APx — Overview.”

APx is, and the Company will be, an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012 and are therefore eligible to take advantage of certain reduced