Company: APXIF
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065703
Chunk: 212

Company: APx Acquisition Corp. I
Filing Date: 2025-07-18
Form: F-4/A
Chunk 212
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 liability of certain participants in proposed business combination transactions. This evolution may result in continuing uncertainty regarding compliance matters and additional costs necessitated by ongoing revisions to APx’s disclosure and governance practices. A failure to comply with applicable laws or regulations and any subsequent changes, as interpreted and applied, could have a material adverse effect on APx’s business, including its ability to negotiate and complete its initial business combination, including the Business Combination, and results of operations. APx’s shareholders may be held liable for claims by third parties against APx to the extent of distributions received by them upon redemption of their shares. If APx is forced to enter into an insolvent liquidation, any distributions received by shareholders could be viewed as an unlawful payment if it was proved that immediately following the date on which the distribution was made, APx was unable to pay its debts as they fall due in the ordinary course of business. As a result, a liquidator could seek to recover some or all amounts received by APx’s shareholders. Furthermore, the APx Board may be viewed as having breached their fiduciary duties to APx or APx’s creditors and/or having acted in bad faith, thereby exposing themselves and APx to claims, by paying the Public Shareholders from the Trust Account prior to addressing the claims of creditors. APx cannot assure you that claims will not be brought against APx for these reasons. APx and its affiliates 85 who knowingly and willfully authorized or permitted any distribution to be paid out of the APx share premium account while APx was unable to pay its debts as they fall due in the ordinary course of business would be guilty of an offense and may be liable to a fine of $18,292.68 and to imprisonment for five years in the Cayman Islands. APx did not obtain a fairness opinion in connection with the Business Combination, and consequently, you do not have assurance from an independent source that the consideration APx is paying for the Company is fair to APx from a financial point of view. Additionally, the valuation of the Company was proposed, and accepted, based on a number of subjective, qualitative factors, and no formal quantitative valuation exercise was performed. APx is not required to and did not obtain a fairness opinion in connection with the Business Combination. APx Shareholders are therefore relying on the judgment of the APx Board and you will not have assurance from an independent source that the consideration APx is paying for the Company is fair to APx from a financial point of view. Specifically, the AP