Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 285

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 285
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 the nearest whole number of Public Warrants; •immediately following the separation of each SPAC Unit, each SPAC Class A Ordinary Share, issued and outstanding immediately prior to the Merger Effective Time shall be automatically surrendered, cancelled and cease to exist in exchange for the right to receive, upon delivery of the applicable Letter of Transmittal, one newly issued Company Share. Each SPAC Shareholder shall cease to have any other rights in and to such SPAC Ordinary Shares, except as expressly provided in the Business Combination Agreement; and •immediately following the separation of each SPAC Unit, each SPAC Warrant issued and outstanding immediately prior to the Merger Effective Time shall cease to be a warrant with respect to SPAC Ordinary Shares and be assumed by the Company and converted into a validly issued and fully paid warrant to purchase Company Shares. Each Company Warrant shall continue to have and be subject to substantially the same terms and conditions as were applicable to such SPAC Warrant immediately prior to the Merger Effective Time (including any repurchase rights and cashless exercise provisions) in accordance with the provisions of the SPAC Warrant Agreement and the Assignment, Assumption and Amendment Agreement. 138 The following diagram shows the current ownership structure of SPAC (excluding the impact of the shares underlying the Public Warrants). For more information see “ Security Ownership of Certain Beneficial Owners and Management — APx.” The following diagram shows the current structure of the Company: The following diagram shows the pro forma ownership percentages and structure of the Company immediately following the consummation of the Business Combination. The structure assumes that (i) none of APx’s existing shareholders exercise their redemption rights in connection with the approval of the Business Combination, and (ii) no additional equity securities of SPAC are issued prior to the Closing. For more information see “ Security Ownership of Certain Beneficial Owners and Management — The Company.” 139 Consideration to be Received in the Business Combination At the Merger Effective Time, each SPAC Unit issued and outstanding immediately prior to the Merger Effective Time shall be automatically separated and the holder thereof shall be deemed to hold one SPAC Class A Ordinary Share and one -halfof a SPAC Warrant. The aggregate amount of Company Shares to be issued by the Company as part of the Merger Consideration shall be allocated among the holders of SPAC Ordinary Shares or Public Warrants in accordance with the Business Combination Agreement. At the Merger Effective Time, each SPAC Ordinary Shares issued and outstanding immediately prior to the Merger