Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 1823

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9B
Chunk 1823
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 below $9.20
per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value
and the Newly Issued Price and the $18.00 per share redemption trigger price described above will be adjusted (to the nearest cent) to
be equal to 180% of the greater of the Market Value and the Newly Issued Price. 

The Private
Placement Warrants will be identical to the Public Warrants included in the Units being sold in the Initial Public Offering, except that
the Private Placement Warrants will not and the shares of common shares issuable upon the exercise of the Private Placement Warrants will
not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions.
Additionally, the Private Placement Warrants will be exercisable on a cashless basis and will be non-redeemable so long as they are held
by the initial purchasers or their permitted transferees. If the Private Placement Warrants are held by someone other than the initial
purchasers or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders
on the same basis as the Public Warrants. 

F-22

NOTE 9. SHAREHOLDERS’
DEFICIT 

Preferred
Shares - The Company is authorized to issue 1,000,000 shares of $0.0001 par value preferred shares. As of December 31, 2024 and
2023, there were no preferred shares issued or outstanding.

Class
A Ordinary shares - The Company is authorized to issue 200,000,000 shares of $0.0001 par value Class A shares. As of December
31, 2024 and 2023, there were 4,312,500 shares issued and outstanding (excluding 520,056 and 5,597,624 shares subject to possible redemption
as of December 31, 2024 and 2023, respectively). 

Class
B Ordinary shares - The Company is authorized to issue up to 20,000,000 shares of Class B, $0.0001 par value ordinary shares.
Holders of the Company’s ordinary shares are entitled to one vote for each share. At December 31, 2024 and 2023, there were zero
Class B ordinary shares issued and outstanding. 

The shares