Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 211

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 211
---
 such opportunity is one APx is legally and 87 contractually permitted to undertake and would otherwise be reasonable for APx to pursue, and to the extent the director or officer is permitted to refer that opportunity to APx without violating another legal obligation. Notwithstanding such provision, APx believes that such provision did not impact APx’s search for a business combination target; •the Initial Shareholders can earn a positive rate of return on their investment in APx, even if other shareholder of APx experience a negative rate of return in their investment in the Company; and •at the Closing, the Company, Parent, APx, the Initial Shareholders, certain equity and other interest -holdersof Parent prior to the Closing will enter into the Registration Rights Agreement, under which the Company will agree to register for resale certain Company Shares, Company Warrants and other equity securities of Company that are held by the parties thereto from time to time and the parties thereto will be provided with customary demand and piggyback registration rights. As a result of the foregoing interests, the Initial Shareholders will benefit from the completion of the Business Combination and may be incentivized to complete an acquisition of a less favorable target company or on terms that would be less favorable to APx’s other securityholders. You will not be permitted to exercise your APx Warrants unless APx registers and qualifies the underlying ordinary shares or certain exemptions are available. If the issuance of SPAC Class A Ordinary Shares upon exercise of the APx Warrants is not registered, qualified or exempt from registration or qualification under the Securities Act and applicable state securities laws, holders of APx Warrants will not be entitled to exercise such APx Warrants and such APx Warrants may have no value and expire worthless. In the IPO, APx registered the SPAC Class A Ordinary Shares issuable upon exercise of the APx Warrants because such warrants will become exercisable 30 days after APx’s initial business combination. However, because the APx Warrants will be exercisable until their expiration date of up to five years after the completion of APx’s initial business combination, in order to comply with the requirements of Section 10(a)(3) of the Securities Act following the consummation of APx’s initial business combination under the terms of the SPAC Warrant Agreement, APx has agreed that, as soon as practicable, but in no event later than 15 business days, after the closing of its initial business combination, APx will file with the SEC a