Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 324

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 324
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holders (with APx’s consent) terminated the MultiplAI Share Purchase Agreement. As a result of such termination, we will not acquire MultiplAI, our business will not be combined pursuant to the Business Combination Agreement, and all rights and obligations of MultiplAI under the Business Combination Agreement ceased and terminated, subject to certain exceptions. Among the surviving obligations arising from the MultiplAI SPA Termination Agreement, includes: (a) trading restrictions of SPAC shares, which shall not be made in violation of the restrictions imposed by U.S. federal securities laws and the rules and regulations of the SEC promulgated thereunder; (b) notification of SPAC regarding any shareholder litigation relating to the Business Combination Agreement, as well as permission of participation of SPAC and the Company in the defense and any potential settlements; (c) waiver of any claims against SPAC’s Trust Account before the Merger Effective Time; and (d) confidentiality obligations. No fees or similar compensation upon the termination of the MultiplAI Share Purchase Agreement were paid. 156 Except as set forth above, no other terms of the Business Combination have been modified, and we and APx intend to complete the combination of our businesses (without the acquisition of MultiplAI) as set forth in the Business Combination Agreement. Prior to the Notice of Termination and MultiplAI SPA Termination Agreement, the MultiplAI Share Purchase Agreement originally provided for the MultiplAI Shares to be sold by the MultiplAI Shareholders with full title guarantee free from encumbrances and together with all rights and advantages attaching to them as at closing. Immediately following the SPAC Shareholders’ Approval, the Parent would have the option, exercisable in its sole discretion to have all of the equity related agreements and convertible securities executed by MultiplAI with third parties either (i) convert into MultiplAI ordinary shares and immediately upon the issuance of such MultiplAI ordinary shares, such agreements and securities, as well as any related or ancillary documents or agreements, shall automatically and immediately be terminated and will be of no further force or effect, and all security interests, mortgages, pledges, charges and other encumbrances arising or deriving therefrom shall automatically and immediately be released without representation, warranty or recourse, or (ii) be assigned and transferred to the Parent, together with all related or ancillary documents or agreements, on or prior to Closing in exchange for the number of ordinary shares of Parent set forth in the MultiplAI Share Purchase Agreement. On the date that