Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 237

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 237
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 combination
within the prescribed time frame may give potential target businesses leverage over us in negotiating a business combination and may limit
the time we have in which to conduct due diligence on potential business combination targets, in particular as we approach our business
combination deadline, which could undermine our ability to complete our initial business combination on terms that would produce value
for our shareholders. 

Any potential target business with which we enter
into negotiations concerning a business combination will be aware that we must complete our initial business combination within the Combination
Period. Consequently, such target business may obtain leverage over us in negotiating a business combination, knowing that if we do not
complete our initial business combination with that particular target business, we may be unable to complete our initial business combination
with any target business. This risk will increase as we get closer to the timeframe described above. In addition, we may have limited
time to conduct due diligence and may enter into our initial business combination on terms that we would have rejected upon a more comprehensive
investigation.

15

Our search for a business combination, and any target business
with which we ultimately consummate a business combination, may be materially adversely affected by negative impacts on the global economy,
capital markets or other geopolitical conditions resulting from the invasion of Ukraine by Russia and Hamas’ attack of Israel and
the ensuing war. 

The United States and global markets have experienced volatility and
disruption following the escalation of geopolitical tensions as a result of the invasion of Ukraine by Russia in February 2022 and the
attack of Israel by Hamas in October 2023. Although the length and impact of the ongoing Russia-Ukraine conflict and the Israel-Hamas
conflict are highly unpredictable, these conflicts could lead to market disruptions, including significant volatility in commodity prices,
credit and capital markets, as well as supply chain interruptions.

Any of the abovementioned factors, or any other negative impact on
the global economy, capital markets or other geopolitical conditions resulting from the Russian invasion of Ukraine or the Israel-Hamas
conflict, could adversely affect our search for a business combination and any target business with which we ultimately consummate a business
combination. The extent and duration of the Russian invasion of Ukraine and the Israel-Hamas conflict and any related market disruptions
are impossible to predict, but could be substantial. Any such disruptions may also have the effect of heightening many of the other risks
described in this “Risk Factors” section, such as those related to the market for our securities, cross-border transactions
or our ability to