Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 202

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 202
---
 in assets for the purpose of achieving investment returns on such assets), APx intends to avoid being deemed an “investment company” within the meaning of the Investment Company Act. Additionally, investing in APx’s securities is not intended for persons who are seeking a return on investments in government securities or investment securities. Instead, the Trust Account is intended as a holding place for funds pending the earliest to occur of either: (i) the completion of APx’s initial business combination; (ii) the redemption of any Public Shares properly submitted in connection with a shareholder vote to amend the Existing Governing Documents (A) to modify the substance or timing of its obligation to allow redemption in connection ‘with APx’s initial business combination or to redeem 100% of the Public Shares if APx does not complete its initial business combination by the Extended Date or (B) with respect to any other material provisions relating to shareholders’ rights or pre -initialbusiness combination activity; or (iii) absent an initial business combination within the completion window, APx’s return of the funds held in the Trust Account to the Public Shareholders as part of its redemption of the Public Shares. Notwithstanding the foregoing, since APx has not invested the proceeds in an interest -bearingdemand deposit account and such amounts remain in securities, it may be deemed to be subject to the Investment Company Act. Even if such funds are subsequently invested in an interest -bearingdemand deposit account, since the funds held in the Trust Account were invested in U.S. government treasury obligations or money market funds beyo ndthe 24 thmonth after the effective date of the registration statement for the IPO, there is a risk that APx could be deemed to have been operating as an unregistered investment company under the Investment Company Act notwithstanding such mitigation efforts. If APx was deemed to be an investment company for purposes of the Investment Company Act, APx would need to register as such under the Investment Company Act and compliance with these additional regulatory burdens would require additional expenses for which it has not allotted funds and may hinder APx’s ability to complete a business combination. APx may also be forced to abandon its efforts to complete an initial business combination, including the Business Combination, and instead be required to liquidate the Trust Account. In which case, its investors would not be able to realize the benefits of owning shares in a successor operating business, including the potential appreciation in the value of our securities following such a transaction, and the APx Warrants would expire worthless. For illustrative purposes, in connection with