Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 230

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 230
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. In those circumstances, although there is no statutory enforcement in the Cayman Islands of judgments obtained in the United States, the courts of the Cayman Islands will recognize and enforce a foreign money judgment of a foreign court of competent jurisdiction without retrial on the merits based on the principle that a judgment of a competent foreign court imposes upon the judgment debtor an obligation to pay the sum for which judgment has been given provided certain conditions are met. For a foreign judgment to be enforced in the Cayman Islands, such judgment must be final and conclusive and for a liquidated sum, and must not be in respect of taxes or a fine or penalty, inconsistent with a Cayman Islands judgment in respect of the same matter, impeachable on the grounds of fraud or obtained in a manner, or be of a kind the enforcement of which is, contrary to natural justice or the public policy of the Cayman Islands (awards of punitive or multiple damages may well be held to be contrary to public policy). A Cayman Islands Court may stay enforcement proceedings if concurrent proceedings are being brought elsewhere. 94 As a result of all of the above, shareholders of APx may have more difficulty in protecting their interests in the face of actions taken by management, members of the APx Board or controlling shareholders than they would as shareholders of a United States company. APx is a blank check company with no operating history and no revenues, and you have no basis on which to evaluate its ability to achieve its business objective. APx is a blank check company incorporated under the laws of the Cayman Islands with no operating results. Because APx lacks an operating history, you have no basis upon which to evaluate APx’s ability to achieve its business objective of completing the Business Combination. If APx fails to complete the Business Combination, APx will never generate any operating revenues. An investment in securities of APx may result in uncertain U.S. federal income tax consequences. An investment in securities of APx may result in uncertain U.S. federal income tax consequences. For instance, because there are no authorities that directly address instruments similar to the SPAC Units, the allocation an investor makes with respect to the purchase price of a SPAC Unit between the Public Shares and the one -halfof a Public Warrant included in each SPAC Unit could be challenged by the IRS or the courts. In addition, the U.S. federal income tax consequences of a cashless exercise of Public Warrants included in the SPAC Units issued in the IPO is unclear under current law. Finally,