Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 2232

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 13
Chunk 2232
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 $833,897 of other offering
costs. 

Each Unit
consists of one share of the Company’s Class A ordinary shares, par value $0.0001 per share, and one-half of one redeemable warrant
(“Public Warrant”). Each whole Public Warrant will entitle the holder to purchase one share of Class A ordinary shares at
an exercise price of $11.50 per whole share (Note 8). 

ln September
2022, the Company reversed the $6,037,500 of deferred underwriting fees as the underwriters resigned from their role in the Business Combination
and thereby waived their right of the deferred underwriting commissions. 

NOTE 4. PRIVATE PLACEMENT

Simultaneously
with the closing of the Initial Public Offering, the Sponsor has purchased 8,950,000 Private Placement Warrants at a price of $1.00 per
warrant, generating total proceeds of $8,950,000 to the Company. 

Each Private
Placement Warrant is identical to the warrants offered in the Initial Public Offering, except there will be no redemption rights or liquidating
distributions from the trust account with respect to Private Placement Warrants when the price per share of Class A ordinary shares equals
or exceeds $18.00, which will expire worthless if the Company does not consummate a Business Combination within the Combination Period.

On September
8, 2023, as part of the Purchase Agreement between the Company’s Sponsor, APx Cap Sponsor Group I, LLC (the “Sponsor”)
transferred to Templar, LLC and its designees (the “Purchaser”), 6,936,250 private placement warrants purchased at the time
of the Company’s initial public offering (“IPO”) pursuant to a Private Placement Warrants Purchase Agreement dated December
6, 2021. The Sponsor retained 2,013,750 Private Placement Warrants. The transfer was executed as part of the Sponsor Alliance Transaction.

NOTE 5. RELATED PARTY TRANSACTIONS

Founder Shares 

On May 21,
2021, the Company issued an aggregate of 4,312,500 shares of Class B ordinary shares (the “Founder Shares”) to the Sponsor
for an aggregate purchase price of $25,000. The Founder Shares include an aggregate of up to 562,500 shares subject to forfeiture by the
Sponsor to the extent that the underwriter’s over-allotment is not exercised in full or in part, so that the Sponsor