Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 72

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 72
---
 that is available for redemptions. (6)The net tangible book value as of June 30, 2024 was calculated as total assets minus intangible asset minus total liabilities of the SPAC, adjusted for reductions in the Trust Account reflecting the various redemption scenarios (based on the estimated per -shareredemption price of approximately $11.60 per share as of June 30, 2024) and including different scenarios of contribution under Backstop Agreement as described in the notes above. (7)Does not include 8,625,000shares underlying the Public Warrants and cash to the Company of $99,187,500 assuming all Public Warrants are exercised. Each Public Share previously issued included one -halfof one redeemable Public Warrant. Each whole Public Warrant entitles the holder thereof to purchase one Public Share at a price of $11.50 per share, subject to adjustment. The Public Warrants will become exercisable on the later of 30 days after the completion of the Business Combination and 12 months from the closing of the IPO, subject to further conditions described elsewhere in this registration statement, and will expire five years after the completion of the Business Combination or earlier upon redemption or APX’s liquidation, as described herein. Shareholders may also experience dilution as the result of the issuance of Company Shares pursuant to the Earlybird pursuant to the EarlyBird Engagement Letter. See “ Certain Agreements Relating to the Business Combination — EarlyBird Engagement Letter.” Proposals to be Submitted at the Special Meeting The Business Combination Proposal The approval of the Business Combination Proposal requires an ordinary resolution under APx’s Existing Governing Documents, being the affirmative vote of the holders of a simple majority of the ordinary shares who, being present in person or by proxy and entitled to vote at the Special Meeting, vote at the Special Meeting. APx’s shareholders must approve the Business Combination Proposal in order for the Business Combination to occur. If APx’s shareholders fail to approve the Business Combination Proposal, the Business Combination will not occur. The Business Combination Proposal is conditioned on the approval of the Cayman Merger Proposal and the Charter Amendment Proposal. Therefore, if the Cayman Merger Proposal or the Charter Amendment Proposal is not approved, the Business Combination Proposal will have no effect, even if approved by APx’s shareholders. For additional information, see “ Proposal No. 1 — The Business Combination Proposal” section of this proxy statement/prospectus. The Cayman Merger Proposal The approval of the Cayman Mer