Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 2218

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 13
Chunk 2218
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 the tender offer rules of the Securities and Exchange Commission (the “SEC”),
and file tender offer documents containing substantially the same information as would be included in a proxy statement with the SEC
prior to completing a Business Combination.

F-11

The Company’s
Sponsor has agreed (a) to vote any Public Shares purchased during or after the Initial Public Offering in favor of a Business Combination,
(b) not to propose an amendment to the Company’s with respect to the Company’s pre-Business Combination activities
prior to the closing of a Business Combination unless the Company provides dissenting public shareholders with the opportunity to redeem
their Public Shares in conjunction with any such amendment; (c) not to redeem any shares (including the Founder Shares) into the
right to receive cash from the Trust Account in connection with a shareholder vote to approve a Business Combination (or to sell any
shares in a tender offer in connection with a Business Combination if the Company does not seek shareholder approval in connection therewith)
or a vote to amend the provisions of the Articles relating to shareholders’ rights of pre-Business Combination activity and
(d) that the Founder Shares shall not participate in any liquidating distributions upon winding up if a Business Combination is
not consummated. However, the Sponsor will be entitled to liquidating distributions from the Trust Account with respect to any Public
Shares purchased during or after the Initial Public Offering if the Company fails to complete its Business Combination.

If the Company is
unable to complete a Business Combination by December 9, 2025, 48 months from the closing of the IPO, assuming we further
extend the period by up to twelve additional one-month periods (the “Combination Period”), the Company will
(i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than
ten business days thereafter, redeem the public shares, at a  per-share price, payable in cash, equal to the aggregate amount
then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released
to us to pay taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding
public shares, which redemption will completely extinguish public shareholder’s rights as shareholders (including the right to
receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible