Company: APXIF
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065703
Chunk: 12

Company: APx Acquisition Corp. I
Filing Date: 2025-07-18
Form: F-4/A
Chunk 12
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, such shares shall be converted into Company Shares and retained by the Sponsor. If APx does not complete an initial business combination, such shares will expire worthless; •pursuant to the terms of the Business Combination Agreement, the reasonable and documented out -of -pocketfees and expenses payable by APx as a result of, in relation to or in connection with APX’s negotiation, documentation and consummation of the Business Combination are expected to be settled by the Company at the Closing, subject to a cap of $5,880,759. If the Closing does not occur, APx will be unable to use the proceeds of the Business Combination to settle such expenses; •pursuant to the terms of the Business Combination Agreement, the reasonable and documented out -of -pocketfees and expenses payable by the Company as a result of, in relation to or in connection with the Company’s negotiation, documentation and consummation of the Business Combination are expected to be settled by the Company at the Closing. If the Closing does not occur, the Company will be unable to use the proceeds of the Business Combination to settle such expenses; •pursuant to the IPO Letter Agreement, our Initial Shareholders agreed to waive their Redemption Rights with respect to any APx ordinary shares held by them in connection with the completion of the Business Combination. The Sponsor additionally agreed to waive its Redemption Rights pursuant to the Support Agreement. The Initial Shareholders did not receive any consideration in exchange for such waiver of Redemption Rights. Due to such waiver, the value of the Initial Shareholders’ investments in APx is dependent on the consummation of an initial business combination. In the event that APx does not complete an initial business combination by the Extended Date, the 3,342,188 SPAC Class A Ordinary Shares held by the Sponsor (which shares were purchased in connection with the Sponsor Alliance), which have an approximate aggregate market value of $39,571,506 as of the Record Date, and the 970,312 SPAC Class A Ordinary Shares held by the Initial Sponsor (which were purchased in connection with APx’s initial public offering and which were retained in connection with the Sponsor Alliance), which have an approximate aggregate market value of $11,488,494 as of the Record Date, will expire worthless. As a result, the Initial Shareholders have an aggregate of up to $51,060,000 at risk as of the Record Date that depends on the completion of an initial business combination on or prior to the Extended Date