Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 188

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 188
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 uncertainties. Therefore, the IRS could assert that the Company should be treated as a U.S. corporation (and, therefore, a U.S. tax resident) for U.S. federal income tax purposes pursuant to Section 7874 of the Code. In addition, changes to Section 7874 of the Code or the U.S. Treasury Regulations promulgated thereunder, or interpretations thereof, could affect the Company’s status as a foreign corporation. Such changes could potentially have retroactive effect. If the IRS successfully challenged the Company’s status as a foreign corporation, significant adverse tax consequences would result for the Company. For example, if the Company were to be treated as a U.S. corporation for U.S. federal income tax purposes, it could be subject to substantial liability for additional U.S. income taxes, and the gross amount of any dividend payments to its non -U.S. holders could be subject to U.S. withholding tax. The Business Combination is not conditioned on the Company not being treated as a domestic corporation for U.S. federal income tax purposes or upon a receipt of an opinion of counsel to that effect. In addition, no party has requested a ruling from the IRS regarding the U.S. federal income tax consequences of the Business Combination. Accordingly, while the Company does not believe it will be treated as a domestic corporation, no assurance can be given that the IRS will agree, or that if it challenges such treatment, it will not succeed in such challenge. Risks Related to APx Unless the context otherwise requires, all references in this “Risks Related to APx and the Business Combination” section to “we,” “us” or “our” refer to APx. Trading in our securities is currently suspended on Nasdaq as a result of a delisting determination we received in connection with our failure to comply with certain continued listing standards by December 6, 2024, which was the deadline Nasdaq had set for us to consummate the Business Combination. In order to complete the delisting process, we expect that Nasdaq will file a Form 25-NSE with the SEC, and the delisting will become effective ten days after such Form 25-NSE is filed. Although we expect that we will be notified by Nasdaq prior to the filing of such Form 25-NSE, as well as prior to the release of a press release by Nasdaq announcing the delisting event, we are not at this time able to determine when such Form 25-NSE will be filed or when the delisting of