Company: APXIF
Filing Date: 2025-06-11
Form Type: 10-Q
Source: 0001213900-25-053185
Chunk: 35

Company: APx Acquisition Corp. I
Filing Date: 2025-06-11
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 any shares to holders seeking to exercise their Public Warrants, unless the issuance of the shares
upon such exercise is registered or qualified under the securities laws of the state of the exercising holder, or an exemption from registration
is available.

The Company has
agreed that as soon as practicable, but in no event later than 15 business days, after the closing of a Business Combination, it
will use its best efforts to file with the SEC a registration statement registering the issuance, under the Securities Act, of the
Class A ordinary shares issuable upon exercise of the Public Warrants. The Company will use its best efforts to file with the
SEC a registration statement covering the shares of Class A ordinary shares issuable upon exercise of the warrants, to cause
such registration statement to become effective and to maintain a current prospectus relating to those shares of Class A
ordinary shares until the warrants expire or are redeemed, as specified in the warrant agreement. If a registration statement
covering the shares of Class A ordinary shares issuable upon exercise of the warrants is not effective by the 60th business day
after the closing of a Business Combination, warrant holders may, until such time as there is an effective registration statement
and during any period when the Company will have failed to maintain an effective registration statement, exercise warrants on a
“cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption.

Redemption of warrants when the price per
Class A ordinary share equals or exceeds $18.00.

Once the warrants become
exercisable, the Company may redeem the Warrants for redemption:

●in whole and not in part;

●at a price of $0.01 per Warrant;

    ● upon a minimum of 30 days’ prior written notice of redemption, which we refer to as the 30-day redemption period; and 

    ●  if, and only if, the closing price of our Class A ordinary shares equals or exceeds $18.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which we send the notice of redemption to the warrant holders (the “Reference Value”).  

The Company will not
redeem the warrants as described above unless an effective registration statement under the Securities Act covering the issuance of the
Class