Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 334

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 334
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.4%

*Less than one percent

61

(1)APx Cap Sponsor Group I, LLC,
our co-sponsor, is the record holder of such shares, is controlled by its managing member, APx Cap Holdings I, LLC. APx Cap Holdings
I, LLC’s board of directors consists of three members. Each director of APx Cap Holdings I, LLC has one vote, and the approval
of the members of the board of directors is required to approve an action of APx Cap Holdings I, LLC. Under the so-called “rule
of three,” if voting and dispositive decisions regarding an entity’s securities are made by two or more individuals, and
a voting and dispositive decision requires the approval of a majority of those individuals, then none of the individuals is deemed a
beneficial owner of the entity’s securities. This is the situation with regard to APx Cap Holdings I, LLC. Based upon the foregoing
analysis, no individual manager of APx Cap Holdings I, LLC exercises voting or dispositive control over any of the securities held by
APx Cap Holdings I, LLC even those in which he directly holds a pecuniary interest. Accordingly, none of them will be deemed to have
or share beneficial ownership of such shares and, for the avoidance of doubt, each expressly disclaims any such beneficial interest to
the extent of any pecuniary interest he may have therein, directly or indirectly. The business address of each of APx Cap and the individuals
listed herein is Juan Salvador Agraz 65, Contadero, Cuajimalpa de Morelos, 05370, Mexico City, Mexico.

(2)Templar, LLC (“Templar”),
our co-sponsor, is the record holder of such shares. Kyle Bransfield is the managing member of Templar, and as such, has voting and investment
discretion with respect to the ordinary shares held of record by Templar and may be deemed to share beneficial ownership of the ordinary
shares held by Templar. Mr. Bransfield disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary
interest he may have therein, directly or indirectly. The principal business address of Templar is 714 Westview Avenue, Nashville, Tennessee
37205.

(3)Does not include any shares
indirectly owned as a result of a direct or indirect membership interest in the Sponsor.

(4)Shares beneficially owned are
based on Scheduled