Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 980

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 980
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 by Mizuho Financial Group, Inc, which information has not been independently
confirmed. The principal business address of Mizuho Financial Group, Inc. is 1-5-5, Otemachi, Chiyoda-ku, Tokyo 100-8176, Japan.

Our Sponsors beneficially owns approximately
89.2% of the issued and outstanding Class A ordinary shares as of March 31, 2025. Because of this ownership block, our Sponsors may
be able to effectively influence the outcome of all other matters requiring approval by our shareholders, including amendments to our
Articles and approval of significant corporate transactions including our initial business combination.

Our Sponsors have agreed (a) to vote any founder
shares and public shares held by it in favor of any proposed business combination and (b) not to redeem any founder shares or public
shares held by it in connection with a shareholder vote to approve a proposed initial business combination.

Our Sponsors and our officers and directors are
deemed to be our “promoters” as such term is defined under the federal securities laws. See Item 13-”Certain Relationships
and Related Transactions, and Director Independence-Related Party Policy” for additional information regarding our relationships
with our promoters.

Equity Compensation Plans 

As of December 31, 2024, we had no compensation
plans (including individual compensation arrangements) under which equity securities were authorized for issuance.

62

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS,
AND DIRECTOR INDEPENDENCE. 

Related Party Transactions 

Founder Shares 

On May 21, 2021, we issued to APX Sponsor an
aggregate of 4,312,500 Founder Shares in exchange for a capital contribution of $25,000, or approximately $0.006 per share. On November
8, 2021, APX Sponsor transferred 20,000 of our Founder Shares to two independent directors at such time, Angel Losada Moreno and David
Proman, in each case at their original purchase price.

In connection with the Transfer, APX Sponsor
transferred to the Templar Sponsor 3,342,188 Founder Shares. In addition, in connection with the Transfer, Mr. Moreno and Mr. Proman
each transferred their 20,000 Founder Shares back to APX Sponsor.

On October 2, 2023, each of the Templar Sponsor
and the APX Sponsor converted all of its Class B ordinary shares on a one