Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 189

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 189
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 shares in a successor operating business, including the potential appreciation in the value of our securities following such a transaction, and any Public Warrants held by our investors would expire worthless. Following the anticipated delisting of our securities from Nasdaq, our ordinary shares could become subject to the regulations of the SEC relating to the market for penny stocks. Penny stocks are securities with a price of less than $5.00 per share unless (i) the securities are traded on a “recognized” national exchange or (ii) the issuer has “Net Tangible Assets” less than $2,000,000 (if the issuer has been in continuous operation for at least three years) or $5,000,000 (if in continuous operation for less than three years), or with average annual revenues of less than $6,000,000 for the last three years. The procedures applicable to penny stocks require a broker -dealerto (i) obtain from the investor information concerning his financial situation, investment experience and investment objectives; (ii) reasonably determine, based on that information, that transactions in penny stocks are suitable for the investor and that the investor has sufficient knowledge and experience as to be reasonably capable of evaluating the risks of penny stock transactions; (iii) provide the investor with a written statement setting forth the basis on which the broker -dealermade the determination in (ii) above; and (iv) receive a signed and dated copy of such statement from the investor, confirming that it accurately reflects the investor’s financial situation, investment experience and investment objectives. The regulations applicable to penny stocks may severely affect the market liquidity for our ordinary shares and could limit the ability of shareholders to sell our ordinary shares in the secondary market. 76 Following the anticipated delisting by Nasdaq, if we are not able to list our securities on another national securities exchange, such securities may continue to be quoted on an over -the -countermarket. However, if this were to occur, our investors would likely face significant and material adverse consequences with respect to their investment in us, including, but not limited: •a limited availability of market quotations for our securities; •reduced liquidity for our securities; •as discussed above, a determination that our ordinary shares are “penny stock”, which will require brokers trading in such ordinary shares to adhere to more stringent rules and which likely would serve as an additional factor that may reduce the trading activity in the secondary trading market for our securities; •a limited amount of news and analyst coverage with respect to our securities; and •a