Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 140

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 140
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” as defined in Section 2(a)(19) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012, which we refer to as the “JOBS Act.” As such, we take advantage of certain exemptions from various reporting requirements applicable to other public companies that are not emerging growth companies for as long as we continue to be an emerging growth company, including the exemption from the auditor attestation requirements with respect to internal control over financial reporting under Section 404 of the Sarbanes -OxleyAct. As a result, our shareholders may not have access to certain information they deem important. We expect to remain an emerging growth company for the foreseeable future. 49 We will remain an emerging growth company until the earlier of (1) the last day of the fiscal year (a) following the fifth anniversary of the Closing, (b) in which it has total annual gross revenue of at least $1.235 billion, or (c) in which it is deemed to be a large accelerated filer, which means the aggregate worldwide market value of Company Shares that are held by non -affiliatesequals or exceeds $700 million as of the prior June 30 th, and (2) the date on which it has issued more than $1.0 billion in non -convertibledebt during the prior three -yearperiod. We cannot predict if investors will find our securities less attractive because we rely on these exemptions. If some investors find our securities less attractive as a result, there may be a less active trading market and share price for our securities may be more volatile. When we no longer qualify as an emerging growth company we may incur increased legal, accounting and compliance costs associated with Section 404 of the Sarbanes -OxleyAct as amended (the “Sarbanes -OxleyAct”). We may not be able to timely and effectively implement controls and procedures required by Section 404(a) of the Sarbanes -Oxley Act that will be applicable to it after the Business Combination is consummated. The Company is not currently subject to Section 404 of the Sarbanes -OxleyAct. However, following the consummation of the Business Combination and the transactions related thereto, we will be required to provide management’s attestation on internal controls in connection with our second annual report on Form 20 -Ffollowing consummation of the Business Combination. The standards required for a public company under Section 404(a) of