Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 213

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 213
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/or having acted in bad faith, thereby exposing themselves and APx to claims, by paying the Public Shareholders from the Trust Account prior to addressing the claims of creditors. APx cannot assure you that claims will not be brought against APx for these reasons. APx and its affiliates 85 who knowingly and willfully authorized or permitted any distribution to be paid out of the APx share premium account while APx was unable to pay its debts as they fall due in the ordinary course of business would be guilty of an offense and may be liable to a fine of $18,292.68 and to imprisonment for five years in the Cayman Islands. APx did not obtain a fairness opinion in connection with the Business Combination, and consequently, you do 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. Additionally, the valuation of the Company was proposed, and accepted, based on a number of subjective, qualitative factors, and no formal quantitative valuation exercise was performed. 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. Specifically, the APx Board determined that the consideration being paid in the business combination, which amount was negotiated at arm’s length, was fair to and in the best interests of APx and its shareholders and appropriately reflected the Company’s value. The proposed valuation was not derived from a mechanical application of valuation metrics or a specific financial model. Rather, the valuation was proposed by the Company and reviewed by the APx Board in light of various qualitative and contextual considerations. In assessing the reasonableness of the proposed valuation, the APx Board considered, among other factors, the Company’s relative cash burn, product maturity, addressable market, and operational scalability. APx’s shareholders will be relying on the judgment of the APx Board with respect to such matters. APx may issue notes or other debt securities, or otherwise incur substantial debt, to complete the Business Combination, which may adversely affect APx’s leverage and financial condition and thus negatively impact the value of APx Shareholders’ investment in APx and subsequently in the Company. Although APx has no commitments as of the date of this proxy statement/prospectus to issue any notes or other debt securities,