Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 341

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 341
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 tax credits in respect of such non -U.S. tax. In addition, there may be other limitations on utilizing foreign tax credits even if a U.S. Holder has foreign source income or gain in the same category from other sources. The rules governing foreign tax credits are complex and U.S. Holders are urged to consult their tax advisers regarding the creditability of foreign taxes in their particular circumstances. Exercise, Lapse or Redemption of a Company Warrant Subject to the PFIC rules discussed below under “— PFIC Rules”, a U.S. Holder generally will not recognize gain or loss upon the acquisition of a Company Shares on the exercise of a Company Warrant for cash. A U.S. Holder’s tax basis in a Company Shares received upon exercise of the Company Warrant generally will equal the sum of the U.S. Holder’s tax basis in such Company Warrant and the exercise price. It is unclear whether a U.S. Holder’s holding period for the Company Share received will commence on the date of exercise of the Company Warrant or the day following the date of exercise of the Company Warrant; in either case, the holding period will not include the period during which the U.S. Holder held the Company Warrant. If a Company Warrant is allowed to lapse unexercised, a U.S. Holder generally will recognize a capital loss equal to such holder’s tax basis in the Company Warrant. 166 The tax consequences of a cashless exercise of a warrant are not clear under current law. Subject to the PFIC rules discussed below under “— PFIC Rules”, a cashless exercise may not be taxable, either because the exercise is not a realization event or because the exercise is treated as a recapitalization for U.S. federal income tax purposes. In either situation, a U.S. Holder’s tax basis in Company Shares received generally should equal the U.S. Holder’s tax basis in the Company Warrants exercised therefor. If the cashless exercise was not a realization event, it is unclear whether a U.S. Holder’s holding period for the Company Shares received would be treated as commencing on the date of exercise of the Company Warrants or the day following the date of exercise of the Company Warrants; in either case, the holding period will not include the period during which the U.S. Holder held the Company Warrants. If the cashless exercise were treated as a recapitalization, the holding period of the Company Shares received would include the holding period of the Company Warrants. It is