Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 460

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 460
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 relative to the amount recoverable or if the independent directors determine
that a favorable outcome is not likely. If our independent directors choose not to enforce these indemnification obligations, the amount
of funds in the Trust Account available for distribution to our public shareholders may be reduced below $12.05 per share.

The securities in which we invest the funds held in the Trust
Account could bear a negative rate of interest, which could reduce the value of the assets held in trust such that the per-share redemption
amount received by public shareholders may be less than $12.05 per share. 

The proceeds held in the Trust Account are invested
only in U.S. government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under
Rule 2a-7 under the Investment Company Act, which invest only in direct U.S. government treasury obligations. While short-term U.S. government
treasury obligations currently yield a positive rate of interest, they have briefly yielded negative interest rates in recent years. Central
banks in Europe and Japan pursued interest rates below zero in recent years, and the Open Market Committee of the Federal Reserve has
not ruled out the possibility that it may in the future adopt similar policies in the United States. in the event that we do not to complete
our initial business combination or make certain amendments to our Articles, our public shareholders are entitled to receive their pro-rata
share of the proceeds held in the Trust Account, plus any interest income earned thereon (less taxes payable and up to $100,000 of interest
income to pay dissolution expenses). Negative interest rates could reduce the value of the assets held in trust such that the per-share
redemption amount received by public shareholders may be less than $12.05 per share. In this regard please see also “Risk Factors-Risks
Relating to Our Search for, Consummation of, or Inability to Consummate, a Business Combination and Post-Business Combination Risks-If
we are deemed to be an investment company for purposes of the Investment Company Act, we may be forced to abandon our efforts to complete
a business combination and instead be required to liquidate the Company. To mitigate the risk of that result, we may decide to instruct
the trustee, not before on or about the 18-month anniversary of the effective date of the registration statement relating to the IPO,
to liquidate the securities held in the Trust Account and instead hold all funds in the Trust Account in cash. As a result