Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 52

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 52
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 successfully claim that the reduction was due to the breach by our
officers or directors of a duty of care or other fiduciary duty owed to them, or if they are able to successfully bring a private claim
under securities laws that the proxy solicitation or tender offer materials, as applicable, relating to the business combination contained
an actionable material misstatement or material omission.

We are not required to obtain an opinion from an independent
investment banking firm or from a valuation or appraisal firm, and consequently, you have no assurance from an independent source that
the price we are paying for the business is fair to our shareholders from a financial point of view. 

We are not required to obtain an opinion from
an independent investment banking firm which is a member of FINRA or from a valuation or appraisal firm that the price we are paying
is fair to our shareholders from a financial point of view. Our shareholders will be relying on the judgment of our board of directors,
who will determine fair market value based on standards generally accepted by the financial community. Such standards used will be disclosed
in our proxy materials or tender offer documents, as applicable, related to our initial business combination.

Unlike most other similarly structured blank check companies,
our Sponsors will receive additional founder shares if we issue shares to complete an initial business combination. 

If we issue shares to complete an initial business combination, the
founder shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of (i) the total number of our ordinary shares
issued and outstanding upon completion of the initial public offering, plus (ii) the total number of Class A ordinary shares issued or
deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued by us in connection
with or in relation to the completion of the initial business combination, excluding any Class A ordinary shares or equity-linked securities
exercisable for or convertible into Class A ordinary shares issued, deemed issued, or to be issued, to any seller of a target business
in the initial business combination and any private placement warrants held by our Sponsors or any of its affiliates or any member of
our management team upon conversion of working capital loans. In no event will the founder shares have a ratio of less than one-to-one
compared to the Class A ordinary shares. This is different than most other similarly structured blank check companies in which the initial
shareholders will only be issued an aggregate of 20% of the total number