Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 463

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 463
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 the company in a jurisdiction
outside the Cayman Islands (including, but not limited to, the approval of the organizational documents of the company in such other jurisdiction),
which requires the approval of at least two-thirds of the votes of all ordinary shares, holders of our founder shares will have ten votes
for every founder share and holders of our Class A ordinary shares will have one vote for every Class A ordinary share.

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Because we are not limited to evaluating a target business in
a particular industry sector, you will be unable to ascertain the merits or risks of any particular target business’s operations.

If the Proposed Business Combination is not consummated,
our efforts to identify a prospective initial business combination target will not be limited to a particular industry, sector or geographic
region. While we may pursue an initial business combination opportunity in any industry or sector, we intend to capitalize on the ability
of our management team to identify and acquire a business or businesses that can benefit from our management team’s established
global relationships and operating experience. Our Articles prohibit us from effectuating a business combination with another blank check
company or similar company with nominal operations. There is a limited basis to evaluate the possible merits or risks of any particular
target business’s operations, results of operations, cash flows, liquidity, financial condition or prospects. To the extent we
complete our initial business combination, we may be affected by numerous risks inherent in the business operations with which we combine.
For example, if we combine with a financially unstable business or an entity lacking an established record of sales or earnings, we may
be affected by the risks inherent in the business and operations of a financially unstable or a development stage entity. Although our
officers and directors will endeavor to evaluate the risks inherent in a particular target business, we cannot assure you that we will
properly ascertain or assess all of the significant risk factors or that we will have adequate time to complete due diligence. Furthermore,
some of these risks may be outside of our control and leave us with no ability to control or reduce the chances that those risks will
adversely impact a target business. We also cannot assure you that an investment in our units will ultimately prove to be more favorable
to investors than a direct investment, if such opportunity were available, in a business combination target.

Accordingly, any shareholders who choose to remain
shareholders following the business combination could suffer a reduction in the value of their securities. Such shareholders are unlikely
to have a remedy for such reduction in value unless they are able to