Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 441

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 441
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 a guarantee either: (i) that we will be able to consummate the Proposed
Business Combination, (ii) that we would be able to locate a suitable alternative candidate for, and consummate, an initial business combination;
or (iii) of any results with respect to any initial business combination we may consummate. You should not rely on the historical record
of our management team’s or their affiliates’ performance as indicative of the future performance of an investment in us or
the returns we will, or are likely to, generate going forward. None of our officers and directors has had experience with blank check
companies or special purpose acquisition companies in the past.

In the event that the Proposed Business Combination
were to be terminated, we expect that the market price of our securities would immediately and materially decrease, and there can be no
assurance that we would be able to identify and consummate an alternative business combination, and no assurance as to the value of any
such alternative business combination to our stockholders.

13

In the event that the Proposed Business Combination were to be
terminated, you would be unable to ascertain the merits or risks of any alternative target business prior to our entry into an alternative
business combination agreement. 

In the event that the Proposed Business Combination
were to be terminated, we would expect to focus our search on an alternative target business in any industry or sector. Unless and until
we have identified and publicly announced a business combination transaction, there is no basis to evaluate the possible merits or risks
of any particular target business or of the terms of any combination with any such target business, and we cannot assure you that any
such transaction would be more or less favorable than the Proposed Business Combination, or would or would not result in a reduction in
the value of our public shares.

Our public shareholders may not be afforded an opportunity to
vote on our proposed initial business combination, and even if we hold a vote, holders of our founder shares will participate in such
vote, which means we may complete our initial business combination even though a majority of our public shareholders do not support such
a combination. 

We may choose not to hold a shareholder vote to
approve our initial business combination unless the business combination would require shareholder approval under applicable law or stock
exchange listing requirements. In such case, the decision as to whether we will seek shareholder approval of a proposed business combination
or will allow shareholders to sell their shares to us in a tender offer will be made by us, solely in our discretion, and will