Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 222

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 222
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 a national securities exchange such that they satisfy the definition of “covered securities” under Section 18(b)(1) of the Securities Act, APx may, at its option, not permit holders of APx Warrants who seek to exercise their APx Warrants to do so for cash and, instead, require them to do so on a cashless basis in accordance with Section 3(a)(9) of the Securities Act; in the event we so elect, APx will not be required to file or maintain in effect a registration statement or register or qualify the shares underlying the APx Warrants under applicable state securities laws, and in the event APx does not so elect, APx will use its best efforts to register or qualify the shares underlying the APx Warrants under applicable state securities laws to the extent an exemption is not available. In no event will APx be required to net cash settle any APx Warrant, or issue securities (other than upon a cashless exercise as described above) or other compensation in exchange for the APx Warrants in the event that APx is unable to register or qualify the shares underlying the APx Warrants under the Securities Act or applicable state securities laws. 90 You may only be able to exercise your Public Warrants on a “cashless basis” under certain circumstances, and if you do so, you will receive fewer shares from such exercise than if you were to exercise such Public Warrants for cash. The SPAC Warrant Agreement provides that in the following circumstances holders of APx Warrants who seek to exercise their APx Warrants will not be permitted to do for cash and will, instead, be required to do so on a cashless basis in accordance with Section 3(a)(9) of the Securities Act: (i) if the ordinary shares issuable upon exercise of the APx Warrants are not registered under the Securities Act in accordance with the terms of the SPAC Warrant Agreement; (ii) if APx has so elected and the ordinary shares are at the time of any exercise of an APx Warrant not listed on a national securities exchange such that they satisfy the definition of “covered securities” under Section 18(b)(1) of the Securities Act; and (iii) if APx has so elected and APx will call the Public Warrants for redemption. If you exercise your Public Warrants on a cashless basis, you would pay the APx Warrant exercise price by surrendering the APx Warrants for that number of