Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 346

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 346
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 projected composition of the Company’s income and assets, it cannot be determined whether the Company will be classified as a PFIC for its taxable year that includes the date of the Business Combination or in any future taxable year. Further, changes in the composition of the Company’s income or composition of the Company’s assets may cause the Company to be or become a PFIC for the current or subsequent taxable years. Whether the Company is treated as a PFIC for U.S. federal income tax purposes is a factual determination that must be made annually at the close of each taxable year and, thus, is subject to significant uncertainty. If APx is determined to be a PFIC with respect to any U.S. Holder who exchanges APx Securities for Company Securities in connection with the Merger, the U.S. Holder did not make any of the PFIC Elections, and the U.S. Holder is not subject to tax on the receipt of Company Securities under Section 1291(f) of the Code or otherwise, then, although not free from doubt, the Company may also be treated as a PFIC as to the Company Shares received by such U.S. Holder in the Merger, even if the Company is not a PFIC in its own right. In addition, it is possible that proposed Treasury Regulations could be finalized in a manner that would treat any Company Warrants that are received in the Merger as subject to the PFIC rules. If the Company is or becomes a PFIC during any year in which a U.S. Holder holds Company Securities, there are three separate taxation regimes that could apply to such U.S. Holder under the PFIC rules: (i) the excess distribution regime (which is the default regime), (ii) the QEF regime, or (iii) the mark -to -marketregime. A U.S. Holder who holds (actually or constructively) stock in a non -U.S. corporation during any year in which such corporation qualifies as a PFIC is subject to U.S. federal income taxation under one of these three regimes. The effect of the PFIC rules on a U.S. Holder will depend upon which of these regimes applies to such U.S. Holder. However, dividends paid by a PFIC are not eligible for the lower rates of taxation applicable to qualified dividend income under any of the foregoing regimes. Excess Distribution Regime. If a U.S. Holder does not make or is not eligible to make a QEF election or a mark -to -marketelection, as described below