Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 414

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 414
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 into the trust account in order to effect the extension of the termination date, from March 9, 2023 to June 9, 2023, and an additional $750,000 into the trust account for a subsequent extension, from June 9, 2023 to September 9, 2023. 218 On September 7, 2023, APx held an extraordinary general meeting (the “September 2023 EGM”) and its shareholders approved an amendment to the Existing Governing Documents and to the Trust Agreement to extend the time to complete a business combination (the “Termination Date”) up to three (3) times for an additional one (1) month each time from September 9, 2023 to December 9, 2023, by depositing the lesser of $0.025 per Public Share or $125,000 for each one -monthextension into the Trust Account. In connection with the September 2023 EGM, the holders of 757,463 Public Shares properly exercised their right to redeem their shares (and did not withdraw their redemption) for an aggregate redemption amount of approximately $8,273,281. Following such redemptions, approximately $63,340,058 remained in the trust account and 5,799,120 Public Shares remained issued and outstanding. On September 8, 2023, APx entered into a purchase agreement (the “Purchase Agreement”) with the Initial Sponsor and the Sponsor, whereby the Initial Sponsor transferred to the Sponsor, in exchange for $1.00 plus the Sponsor’s agreement to advance up to $50,000 to pay for expenses related to Company’s Exchange Act filing obligations, 3,342,188 Founder Shares (the “Founder Shares”) and 6,936,250 Private Placement Warrants (the “Placement Warrants”) purchased at the time of the IPO pursuant to a Private Placement Warrants Purchase Agreement, dated December 6, 2021. The Sponsor retained 970,312 Founder Shares and 2,013,750 Private Placement Warrants. The transfer of Founder Shares and Private Placement Warrants to the Sponsor pursuant to the Purchase Agreement is referred to as the “Transfer,” which closed on September 8, 2023. The Transfer and all transactions consummated in connection there with are referred to as the “Sponsor Alliance Transaction.” On September 15, 2023, October 19, 2023 and November 13, 2023, APx deposited $125