Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 428

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 428
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 effect as of the Closing.

Covenants 

The Business Combination Agreement contains customary
covenants of the parties, including, among others, covenants providing for (i) the operation of the parties’ respective businesses
prior to consummation of the Business Combination, (ii) the parties’ efforts to satisfy conditions to consummate the Business Combination,
(iii) the parties’ preparing and OmnigenicsAI filing a registration statement containing a proxy statement/prospectus for the purpose
of soliciting proxies from the Company’s shareholders to vote in favor of certain matters and registering under the Securities Act
of 1933, as amended (the “Securities Act”) the Company Shares and Company Warrants to be issued in connection with
the Merger, (iv) the protection of, and access to, confidential information of the parties, (v) the parties’ efforts to obtain necessary
approvals from Governmental Authorities, and (vi) the parties’ efforts to obtain PIPE Investments. The covenants of the parties
contained in the Business Combination Agreement will terminate and be of no further force and effect as of the Closing, except for those
covenants that by their terms require performance after the Closing.

6

Termination 

The Business Combination Agreement may be terminated
and the Transactions may be abandoned at any time prior to the Merger Effective Time, notwithstanding any requisite approval and adoption
of the Business Combination Agreement and the Proposed Business Combination by the shareholders of the Company, (i) by mutual written
consent of OmnigenicsAI and the Company; (ii) by either OmnigenicsAI or the Company if the Merger Effective Time shall not have occurred
prior to 5:00 p.m. (New York time) on December 9, 2024 (the “Outside Date”), subject to certain exceptions; (iii) by either
OmnigenicsAI or the Company if any Governmental Authority shall have enacted, issued, promulgated, enforced or entered any injunction,
order, decree or ruling (whether temporary, preliminary or permanent) which has become final and non-appealable and has the effect of
making consummation of the Transactions illegal or otherwise preventing or prohibiting consummation of the Transaction or the Merger;
(iv) by OmnigenicsAI if the SPAC Shareholders’ Approval shall not have been obtained by reason of the failure to obtain the required
vote at the SPAC Shareholders’ Meeting duly convened therefor or at any adj