Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 1917

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 1917
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 redemption amount of $111,346,281. Following such redemptions, approximately $68,271,081 remained in the trust
account and 6,556,583 public shares remained issued and outstanding. Such remaining amount in the trust account will be distributed either
to (i) all holders of public shares upon our liquidation or (ii) holders of public shares who elect to have their shares redeemed in connection
with the consummation of our initial business combination. Accordingly, on March 1, 2023, the Company deposited $750,000 into the Trust
Account in order to effect the extension of the termination date, from March 9, 2023 to June 9, 2023 (the “First Extension”).
On June 22, 2023, the Company deposited an additional $750,000 into the Trust Account for a subsequent extension of the termination date,
from June 9, 2023 to September 9, 2023 (the “Second Extension”). 

In September
of 2023, in connection with the shareholders’ vote at the Extraordinary General Meeting, the holders of 757,463 public shares properly
exercised their right to redeem their shares (and did not withdraw their redemption) for cash at a redemption price of approximately $10.92
per share, for an aggregate redemption amount of approximately $8,273,281. Following such redemptions 5,799,120 public shares remained
issued and outstanding. The remaining amount in the Trust Account will be distributed either to: (i) all of the holders of shares of Class
A ordinary shares issued as part of the units sold in the Initial Public Offering (the “Public Shares”) upon the Company’s
liquidation or (ii) holders of Public Shares who elect to have their shares redeemed in connection with the consummation of a Business
Combination. 

In connection
with the December 2023 EGM, the holders of 201,496 public shares properly exercised their right to redeem their shares (and did not withdraw
their redemption) for an aggregate redemption amount of $2,246,585. Following such redemptions, $62,410,856 remained in the trust account
and 5,597,624 public shares remained issued and outstanding. Such remaining amount in the trust account will be distributed either to
(i) all holders of public shares upon our liquidation or (ii) holders of public shares who elect to have their shares redeemed