Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 198

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 198
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ata entitlement of the proceeds held in the Trust Account. APx’s placing of funds in the Trust Account may not protect those funds from third -partyclaims against APx. Although APx will seek to have all vendors, service providers (except for our independent registered public accounting firm), prospective target businesses and other entities with which APx does business execute agreements with APx waiving any right, title, interest or claim of any kind in or to any monies held in the Trust Account for the benefit of the Public Shareholders, such parties may not execute such agreements, or even if they execute such agreements they may not be prevented from bringing claims against the Trust Account, including, but not limited to, fraudulent inducement, breach of fiduciary responsibility or other similar claims, as well as claims challenging the enforceability of the waiver, in each case in order to gain advantage with respect to a claim against APx’s assets, including the funds held in the Trust Account. If any third party refuses to execute an agreement waiving such claims to the monies held in the Trust Account, APx’s management will consider whether competitive alternatives are reasonably available to APx and will only enter into an agreement with such third party if management believes that such third party’s engagement would be in the best interests of APx under the circumstances. The underwriters of the IPO as well as APx’s registered independent public accounting firm will not execute agreements with APx waiving such claims to the monies held in the Trust Account. Examples of possible instances where APx may engage a third party that refuses to execute a waiver include the engagement of a third -partyconsultant whose particular expertise or skills are believed by management to be significantly superior to those of other consultants that would agree to execute a waiver or in cases where management is unable to find a service provider willing to execute a waiver. In addition, there is no guarantee that such entities will agree to waive any claims they may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with APx and will not seek recourse against the Trust Account for any reason. Upon redemption of the Public Shares, if APx is unable to complete the Business Combination within the prescribed timeframe, or upon the exercise of a Redemption Right in connection with the Business Combination, APx will be required to provide for payment of claims of creditors that were not waived that may be brought against APx. Accordingly, the per -shareredemption amount received by Public Shareholders could be