Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 200

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 200
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 or a “fraudulent conveyance.” As a result, a bankruptcy or insolvency court could seek to recover some or all amounts received by the APx Shareholders. In addition, the APx Board may be viewed as having breached its fiduciary duty to APx’s creditors and/or having acted in bad faith, by paying Public Shareholders from the Trust Account prior to addressing the claims of creditors, thereby exposing itself and APx to claims of punitive damages. If, before distributing the proceeds in the Trust Account to the Public Shareholders, APx files a bankruptcy or winding -uppetition or an involuntary bankruptcy petition is filed against APx that is not dismissed, the claims of creditors in such proceeding may have priority over the claims of the Public Shareholders and the per -shareamount that would otherwise be received by APx Shareholders in connection with APx’s liquidation may be reduced. If, before distributing the proceeds in the Trust Account to the Public Shareholders, APx files a bankruptcy or winding -uppetition or an involuntary bankruptcy petition is filed against APx that is not dismissed, the proceeds held in the Trust Account could be subject to applicable bankruptcy or insolvency law, and may be included in APx’s bankruptcy estate and subject to the claims of third parties with priority over the claims of APx Shareholders. To the extent any bankruptcy claims deplete the Trust Account, the per -shareamount that would otherwise be received by APx Shareholders in connection with APx’s liquidation may be reduced. If APx is deemed to be an investment company under the Investment Company Act, APx may be required to institute burdensome compliance requirements and its activities may be restricted, which may make it difficult for APx to complete its initial business combination or force APx to abandon its efforts to complete an initial business combination, including the Business Combination. If APx is deemed to be an investment company under the Investment Company Act, its activities may be restricted, including: •restrictions on the nature of its investments; and •restrictions on the issuance of securities, each of which may make it difficult for APx to complete the Business Combination. In addition, APx may have imposed upon itself burdensome requirements, including: •registration as an investment company; •adoption of a specific form of corporate structure; and •reporting, record keeping, voting, proxy and disclosure requirements and other rules and regulations. In order not to be regulated as an investment company under the Investment Company Act, unless it can qualify for