Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 474

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 474
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 sponsor or form other special purpose acquisition companies similar to ours or may pursue other business or investment
ventures during the period in which we are seeking an initial business combination. Any such companies, businesses or investments may
present additional conflicts of interest in pursuing an initial business combination. However, we do not believe that any such potential
conflicts would materially affect our ability to identify and pursue business combination opportunities or to complete our initial business
combination.

For a complete discussion of our officers’
and directors’ business affiliations and the potential conflicts of interest that you should be aware of, please see Item 10-”Directors,
Executive Officers and Corporate Governance-Conflicts of Interest.”

Our officers, directors, security holders and their respective
affiliates may have competitive pecuniary interests that conflict with our interests. 

We have not adopted a policy that expressly prohibits
our directors, officers, security holders or affiliates from having a direct or indirect pecuniary or financial interest in any investment
to be acquired or disposed of by us or in any transaction to which we are a party or have an interest. In fact, we may enter into a business
combination with a target business that is affiliated with our Sponsors, our directors or officers or funds managed by certain of our
affiliates, although we do not intend to do so. Nor do we have a policy that expressly prohibits any such persons from engaging for their
own account in business activities of the types conducted by us. Accordingly, such persons or entities may have a conflict between their
interests and ours.

The personal and financial interests of our directors
and officers may influence their motivation in timely identifying and selecting a target business and completing a business combination.
Consequently, our directors’ and officers’ discretion in identifying and selecting a suitable target business may result
in a conflict of interest when determining whether the terms, conditions and timing of a particular business combination are appropriate
and in our shareholders’ best interest. If this were the case, and the directors fail to act in accordance with their fiduciary
duties to us as a matter of Cayman Islands law, we may have a claim against such individuals. However, we might not ultimately be successful
in any claim we may make against them for such reason.

29

We may engage in a business combination with one or more target
businesses that have relationships with entities that may be affiliated with our Sponsors, officers, directors, existing holders or funds
managed by certain of our affiliates which may raise