Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 1517

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1517
---
, pursuant to its Amended and
Restated Memorandum and Articles of Association, offer such redemption pursuant to 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. 

The Company’s Sponsor has agreed (a) to
vote its Founder Shares (Note 5) and 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 Amended and Restated Memorandum and Articles of Association 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 Amended and Restated Memorandum and Articles
of Association 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. 

F-10

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