Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 463

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 463
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’s over -allotmentis not exercised in full or in part, so that the Sponsor will collectively own, on an as -convertedbasis, 20% of the Company’s issued and outstanding shares after the IPO. As of the date hereof, all of the over -allotmentunits had been settled simultaneously with the close of the Initial Public Offering. No SPAC Class B ordinary shares were forfeited or subject to forfeiture. On September 8, 2023, as part of the Purchase Agreement between the Initial Sponsor and the Sponsor, the Initial Sponsor transferred to the Sponsor 3,342,188 Founders Shares purchased at the time of the IPO. The Sponsor retained 970,312 Founder Shares. On October 2, 2023, the Company entered into a Share Exchange Agreement with the Initial Sponsor and the Sponsor (the “Share Exchange Agreement”), pursuant to which each of the Initial Sponsor and the Sponsor exchanged (the “Share Exchange”) all Class B ordinary shares then held (totaling an aggregate of 4,312,500shares) into Class A ordinary shares. The Company issued 4,312,500 SPAC Class A Ordinary Shares (the “Exchange Shares”) in connection with the Share Exchange. Other than as described above, the Sponsor has agreed not to transfer, assign or sell any of its Founder Shares (including the Exchange Shares) until the earlier to occur of: (A) one year after the completion of a Business Combination or (B) the date on which the Company completes a liquidation, merger, capital stock exchange or similar transaction that results in the Company’s shareholders having the right to exchange their shares of ordinary shares for cash, securities or other property. Notwithstanding the foregoing, if the last sale price of the Company’s SPAC Class A Ordinary Shares equals or exceeds $12.00 per share (as adjusted for share splits, dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30 -tradingday period commencing at least 120 days after the Business Combination, the Founder Shares (including the Exchange Shares) will be released from the lock -up. Private Placement Warrants Simultaneously with the closing of the IPO, the Company consummated the private placement of 8,950,000 Private Placement Warrants to the Initial Sponsor, each exercisable to purchase one SPAC Class A Ordinary Share at $11.50 per share, at a price of $1.00 per Private Placement Warrant, generating gross