Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 415

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 415
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,000 into the Trust Account in order to effect three one -monthextensions of the termination date, from September 9, 2023 to December 9, 2023. On December 8, 2023, APx held an extraordinary general meeting (the “December 2023 EGM”) and its shareholders approved an amendment to the Existing Governing Documents and to the Trust Agreement to extend the Termination Date up to twelve (12) times for an additional one (1) month each time from December 9, 2023 to December 9, 2024, by depositing the Extension Payment for each one -monthextension into APx’s Trust Account. In connection with the December 2023 EGM, the holders of 201,496 Public Shares properly exercised their right to redeem their shares (and did not withdraw their redemption) for an aggregate redemption amount of $2,246,585. Following such redemptions, $62,410,856 remained in the trust account and 5,597,624 Public Shares remained issued and outstanding. Following the December 2023 EGM, APx deposited $125,000 on a monthly basis to the extend the Termination Date by twelve additional one -monthperiods to December 9, 2024. On December 4, 2024, APx held an extraordinary general meeting (the “December 2024 EGM”) and its shareholders approved an amendment to the Existing Governing Documents and to the Trust Agreement to extend the Termination Date to December 9, 2025. In connection with the December 2024 EGM, the holders of 5,077,568 Public Shares properly exercised their right to redeem their shares (and did not withdraw their redemption) for an aggregate redemption amount of $60,856,059.42. Following such redemptions, $6,233,015.29 remained in the Trust Account and 520,056 Public Shares remained issued and outstanding. Initial Business Combination Nasdaq rules require that APx must complete one or more business combinations having an aggregate fair market value of at least 80% of the value of the assets held in the Trust Account (excluding the taxes payable on the interest earned on the Trust Account) at the time it signs a definitive agreement in connection with its initial business combination. This is referred to as the 80% of net assets test. The APx Board determined that this test was met in connection with the Business Combination. Permitted Purchases of AP