Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 336

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 336
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 into Company Warrants is treated as part of the transfer of property to a corporation under Section 351 of the Code and not treated as a separate transaction, then such U.S. Holder generally would recognize gain, but not loss, equal to the lesser of (i) such U.S. Holder’s “realized gain” from the exchange (generally the excess of the fair market value of all Company Securities received over such stockholder’s aggregate tax basis in the APx Securities exchanged therefor), and (ii) the fair market value of the Company Warrants deemed received. Under this approach, the holding period of the Company Shares received by such U.S. Holder should include the period during which the Public Shares exchanged therefor were held by such U.S. Holder, and a U.S. Holder’s holding period in the Company Warrants received should begin on the day after the Merger. If the conversion of Public Warrants into Company Warrants is treated as a separate transaction, then the U.S. federal income tax treatment of the U.S. Holder’s exchange of Public Shares for Company Shares should be treated as described above under “ — U.S. Holders of Public Shares,” and a U.S. Holder that owns Public Warrants should recognize gain or loss upon the conversion of those Public Warrants to Company Warrants equal to the difference between the fair market value of the Company Warrants received and such U.S. Holder’s adjusted tax basis in such U.S. Holder’s Public Warrants. A U.S. Holder’s tax basis in the Company Warrants received will equal the fair market value of such Company Warrants. A U.S. Holder’s holding period in the Company Warrants received should begin on the day after the Merger. Subject to the PFIC rules discussed below under “— PFIC Rules”, any gain recognized by a U.S. Holder whose Public Warrants become Company Warrants pursuant to the Merger would generally be long -termcapital gain if the holder’s holding period for the Public Warrants was more than one year at the time of the Merger, and the holder’s holding period in the Company Warrants would begin on the day following the exchange. The U.S. Holder’s tax basis in the Company Warrants received in the exchange would be equal to their fair market value at the time of the Merger. Section 367(a) Section 367(a) of the Code and the Treasury Regulations promulgated thereunder, in certain circumstances described below, impose additional requirements for a U.S.