Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 214

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 214
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 or to otherwise incur outstanding debt, APx may choose to incur substantial debt to complete the Business Combination. APx and its officers have agreed that APx will not incur any indebtedness unless APx has obtained from the lender a waiver of any right, title, interest or claim of any kind in or to the monies held in the Trust Account. As such, no issuance of debt will affect the per share amount available for redemption from the Trust Account. Nevertheless, the incurrence of debt could have a variety of negative effects, including: •default and foreclosure on the Company’s assets if the Company’s operating revenues after the Business Combination are insufficient to repay such debt obligations; •acceleration of APx’s obligations to repay the indebtedness even if APx makes all principal and interest payments when due if APx breaches certain covenants that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant; •APx’s immediate payment of all principal and accrued interest, if any, if the debt is payable on demand; •the Company’s inability to obtain necessary additional financing if APx’s debt contains covenants restricting the Company’s ability to obtain such financing while the debt is outstanding; •the Company’s inability to pay dividends on the Company Shares; •using a substantial portion of APx’s cash flow to pay principal and interest on APx’s debt, which will reduce the funds available for dividends on APx’s ordinary shares if declared, expenses, capital expenditures, acquisitions and other general corporate purposes; •limitations on the Company’s flexibility in planning for and reacting to changes in its business and in the industry in which it operates; •increased vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation; and •limitations on the Company’s ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, execution of the Company’s strategy and other purposes and other disadvantages compared to the Company’s competitors who have less debt. 86 APx does not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for APx to complete the Business Combination with which a substantial majority of its shareholders do not agree. The Existing Governing Documents do not provide a specified maximum redemption threshold. As a result, APx may be able to complete the Business Combination even though a substantial majority of the Public Shareholders do not agree with the Business Combination and have redeemed their Public Shares. APx and the Company will incur significant transaction and