Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 730

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 730
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ITEM 2. PROPERTIES. 

We currently maintain our executive offices at
714 Westview Avenue, Nashville, Tennessee 37205. We consider our current office space adequate for our current operations.

ITEM 3. LEGAL PROCEEDINGS. 

As of December 31, 2024, to the knowledge of
our management, there was no material litigation, arbitration or governmental proceeding pending against us or any members of our management
team in their capacity as such, and we and the members of our management team have not been subject to any such proceeding.

ITEM 4. MINE SAFETY DISCLOSURES. 

Not applicable.

45

PART II 

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED
SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES. 

Market Information 

Our units, Class A ordinary shares and warrants
listed on the Nasdaq under the symbols “APXIU,” “APXI” and “APXIW,” respectively.

On October 29, 2024, we received written
notice from Nasdaq’s staff, stating that the Compliance Plan was not accepted as we had provided insufficient evidence to demonstrate
that we could effect the Compliance Plan by its 36-month expiration date of December 6, 2024, at which time our securities
would be delisted from Nasdaq in accordance with IM-5101-2, irrespective of our progress or lack thereof toward regaining compliance
with the Rule, and that the Nasdaq’s staff had determined to initiate procedures to delist our warrants (and, as a result of the
warrants’ inclusion therein, our units) from Nasdaq due to our non-compliance. Nasdaq suspended the trading of the Public Warrants
and our units on November 5, 2024.

On December 10, 2024, we received a letter
from the Listing Qualifications Department of Nasdaq stating that, pursuant to Nasdaq Listing Rule IM-5101-2, Nasdaq’s staff had
determined that (i) our securities will be delisted from Nasdaq, (ii) trading of our SPAC Class A Ordinary Shares, Public
Warrants, and units would be suspended at the opening of business on December 17, 2024 and (iii) a Form 25-NSE will
be filed with the SEC, which will remove our securities from