Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 151

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 151
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b) in which it has total annual gross revenue of at least $1.235 billion, or (c) in which it is deemed to be a large accelerated filer, which means the aggregate worldwide market value of Company Shares that are held by non -affiliatesequals or exceeds $700 million as of the prior June 30 th, and (2) the date on which it has issued more than $1.0 billion in non -convertibledebt during the prior three -yearperiod. We cannot predict if investors will find our securities less attractive because we rely on these exemptions. If some investors find our securities less attractive as a result, there may be a less active trading market and share price for our securities may be more volatile. When we no longer qualify as an emerging growth company we may incur increased legal, accounting and compliance costs associated with Section 404 of the Sarbanes -OxleyAct as amended (the “Sarbanes -OxleyAct”). 52 We may not be able to timely and effectively implement controls and procedures required by Section 404(a) of the Sarbanes -Oxley Act that will be applicable to it after the Business Combination is consummated. The Company is not currently subject to Section 404 of the Sarbanes -OxleyAct. However, following the consummation of the Business Combination and the transactions related thereto, we will be required to provide management’s attestation on internal controls in connection with our second annual report on Form 20 -Ffollowing consummation of the Business Combination. The standards required for a public company under Section 404(a) of the Sarbanes -OxleyAct are significantly more stringent than those required of the Company as a privately -heldcompany. Management may not be able to effectively and timely implement controls and procedures that adequately respond to the increased regulatory compliance and reporting requirements that will be applicable after the Business Combination. We note that we have identified material weaknesses in the past. If we are not able to implement the additional requirements of Section 404(a) in a timely manner or with adequate compliance, we may not be able to assess whether our internal controls over financial reporting are effective, which may subject it to adverse regulatory consequences and could harm investor confidence and the market price of the Company Shares. See“ We have identified material weaknesses in our internal control over financial reporting. If we are unable to remediate these material weaknesses or otherwise fail to maintain an effective system of internal controls, we may not