Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 216

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 216
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 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 ordinary shares equal to the quotient obtained by dividing (x) the product of the number of the ordinary shares underlying the APx Warrants, multiplied by the excess of the “fair market value” of the ordinary shares (as defined in the next sentence) over the exercise price of the APx Warrants by (y) the fair market value. The “fair market value” is the average reported closing price of the ordinary shares for the 10 trading days ending on the third trading day prior to the date on which the notice of exercise 89 is received by the warrant agent or on which the notice of redemption is sent to the holders of APx Warrants, as applicable. As a result, you would receive fewer shares from such exercise than if you were to exercise such APx Warrants for cash. APx may issue additional ordinary shares or preference shares to complete the Business Combination. The Existing Governing Documents authorize the issuance of up to 200,000,000 SPAC Class A Ordinary Shares, par value $0.0001 per share, 20,000,000 SPAC Class B ordinary shares, par value $0.0001 per share, and 1,000,000 preference shares, par value $0.0001 per share. As of the date of this proxy statement/prospectus, there are 195,167,444 authorized but unissued SPAC Class A Ordinary Shares available for issuance which amount does not take into account shares reserved for issuance upon exercise of outstanding APx Warrants. As of the date of this proxy statement/prospectus, there are no SPAC Class B ordinary shares and no preference shares issued and outstanding. APx may issue a substantial number of additional ordinary shares or preference shares to complete the Business Combination or to raise additional capital. However, the Existing Governing Documents provide