Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 205

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 205
---
 the Public Shareholders as part of its redemption of the Public Shares. Notwithstanding the foregoing, since APx has not invested the proceeds in an interest -bearingdemand deposit account and such amounts remain in securities, it may be deemed to be subject to the Investment Company Act. Even if such funds are subsequently invested in an 83 interest -bearingdemand deposit account, since the funds held in the Trust Account were invested in U.S. government treasury obligations or money market funds beyo ndthe 24 thmonth after the effective date of the registration statement for the IPO, there is a risk that APx could be deemed to have been operating as an unregistered investment company under the Investment Company Act notwithstanding such mitigation efforts. If APx was deemed to be an investment company for purposes of the Investment Company Act, APx would need to register as such under the Investment Company Act and compliance with these additional regulatory burdens would require additional expenses for which it has not allotted funds and may hinder APx’s ability to complete a business combination. APx may also be forced to abandon its efforts to complete an initial business combination, including the Business Combination, and instead be required to liquidate the Trust Account. In which case, its investors would not be able to realize the benefits of owning shares in a successor operating business, including the potential appreciation in the value of our securities following such a transaction, and the APx Warrants would expire worthless. For illustrative purposes, in connection with the liquidation of the Trust Account, the Public Shareholders may receive only approximately $12.05 per Public Share, which is based on estimates as of December31, 2024, or less in certain circumstances, and the APx Warrants would expire worthless. Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect APx’s business, including its ability to negotiate and complete an initial business combination, and results of operations, including the Business Combination. APx is subject to rules and regulations by various national, regional and local governing bodies, including, for example, the SEC, and to new and evolving regulatory measures under applicable law. Compliance with, and monitoring of, applicable laws and regulations may be difficult, time consuming and costly and APx’s efforts to comply with such new and evolving laws and regulations have resulted in and are likely to continue to result in, increased general and administrative expenses and a diversion of management time and attention. In addition, these changes could have a material adverse effect on APx’s business, investments and