Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 16

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 16
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 th, and (2) the date on which it has issued more than $1.0 billion in non -convertibledebt during the prior three -yearperiod. APx is not required to and did not obtain a fairness opinion in connection with the Business Combination. APx Shareholders are therefore relying on the judgment of the APx Board, and you will not have assurance from an independent source that the consideration APx is paying for the Company is fair to APx from a financial point of view. While the Closing is not conditioned upon the consummation of additional financing, the Company is currently undertaking discussions with third parties regarding additional equity or equity -linkedfinancing to support the Company’s operations following the Closing. While the Initial Shareholders do not intend to participate in such third -partyfinancing, additional financing may not be available in amounts or on terms satisfactory to the Company or at all. On February 27, 2023, APx held an extraordinary general meeting (the “February 2023 EGM”) and its shareholders approved an amendment to its amended and restated memorandum and articles of association (as amended, the “Articles of Association”) and to the investment management trust agreement dated as of September 7, 2021 (as amended, the “Trust Agreement”) to change the payment required to extend the combination period by two three -monthperiods. In connection with such vote, the holders of 10,693,417 public shares properly exercised their right to redeem their shares (and did not withdraw their redemption) for an aggregate redemption amount of $111,346,281. Following such redemptions, approximately $68,271,081 remained in the trust account and 6,556,583 public shares remained issued and outstanding. Such remaining amount in the trust account will be distributed either to (i) all holders of public shares upon our liquidation or (ii) holders of public shares who elect to have their shares redeemed in connection with the consummation of our initial business combination. Accordingly, on March 1, 2023, APx deposited $750,000 into the Trust Account in order to effect the extension of the termination date, from March 9, 2023, to June 9, 2023. On June 22, 2023, APx deposited an additional $750,000 into the Trust Account for a subsequent extension of the termination date, from June 9, 2023, to September 9, 2023 (the “