Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 414

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 414
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 opportunity to vote on our proposed business combination;

●the absence of a redemption
threshold may make it possible for us to complete a business combination with which a substantial majority of our shareholders do not
agree;

●we may redeem your unexpired
warrants prior to their exercise at a time that is disadvantageous to you;

●we may amend the terms of the
public warrants in a manner that may be adverse to holders of public warrants with the approval by the holders of at least 65% of the
then outstanding public warrants;

●we may be unable to obtain
additional financing;

●if we are deemed to be an investment
company for purposes of the Investment Company Act of 1940, as amended, we may be forced to abandon our efforts to complete an initial
business combination and instead be required to liquidate;

●our warrants may have an adverse
effect on the market price of our Class A ordinary shares;

●we may issue additional equity
and/or debt securities to complete our initial business combination;

●our Sponsors control a substantial
interest in us;

iii

●if we seek shareholder approval
of our initial business combination, our Sponsors, who controls a substantial interest in us, has agreed to vote in favor of such initial
business combination, regardless of how our public shareholders vote;

●the ability of our public shareholders
to redeem their shares for cash may make our financial condition unattractive to potential business combination targets, may not allow
us to complete the most desirable business combination or optimize our capital structure, and will increase the probability that our
initial business combination would be unsuccessful;

●possibility of losing the ability
to redeem all shares equal to or in excess of 15% of our Class A ordinary shares if we seek shareholder approval of our initial business
combination and we do not conduct redemptions pursuant to the tender offer rules;

●Nasdaq has suspended trading
of our securities and may delist them;

●registration the Class A ordinary
shares issuable upon exercise of the warrants sold as part of the units in the IPO may not be in place when an investor desires to exercise
such warrants;

●shares being redeemed and warrants
becoming worthless;

●events which may result in
the per-share amount held in our Trust Account dropping below $10.20 per public share;

●our directors may decide not
to enforce the indemnification obligations of our Sponsors;

●if, before distributing the
proceeds in the Trust Account to our public shareholders, we file