Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 47

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 47
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 forth in the Business Combination Agreement are satisfied or waived. For a description of the conditions to the completion of the Business Combination, see “ The Business Combination Agreement — Conditions to Closing.”

xiii Q:What happens if the Business Combination is not completed? A:If APx does not complete the Business Combination for any reason, APx would search for another target business with which to complete a business combination. If APx does not complete the Business Combination or a business combination with another target business by the Extended Date (as defined below), APx must redeem 100% of the outstanding Public Shares, at a per -shareprice, payable in cash, equal to the amount then held in the Trust Account including interest earned on the funds held in the Trust Account and not previously released to the APx (less taxes payable, if any, and up to $100,000 of interest to pay dissolution expenses) divided by the number of then outstanding Public Shares. The Initial Shareholders hold no Redemption Rights and, in the event a business combination is not effected in the required time period, their Founder Shares (as defined below) will be worthless. Additionally, in the event of such liquidation, there will be no distribution with respect to APx’s outstanding warrants. Accordingly, such warrants will expire worthless. Q:What interests do our Initial Shareholders, current officers, directors and advisors, and the Company’s current shareholders have in the Business Combination? A:In considering the recommendation of our Board to vote in favor of the Business Combination, shareholders should be aware that, aside from their interests as shareholders, our Initial Shareholders and our directors and officers and the Company’s current shareholders have interests in the Business Combination that are different from, or in addition to, those of our other shareholders generally. Our directors were aware of and considered these interests, among other matters, in evaluating the Business Combination, and in recommending to our shareholders that they approve the Business Combination. Shareholders should take these interests into account in deciding whether to approve the Business Combination. These interests include, among other things: •the Initial Shareholders will lose their entire investment in APx if APx does not complete an initial business combination by the Extended Date; •the beneficial ownership of the Initial Shareholders of an aggregate of 4,312,500 SPAC Class A Ordinary Shares, comprised of 3,342,188 SPAC Class A Ordinary Shares held by the Sponsor (which shares were purchased in connection with the Sponsor Alliance) and 970,312 SPAC Class A Ordinary Shares