Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 206

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 206
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 advances would be repaid only from funds held outside the Trust Account or from funds released to APx upon completion of APx’s initial business combination. Prior to the completion of the Business Combination, APx does not expect to seek loans from parties other than the Sponsor as APx does not believe third parties will be willing to loan such funds and provide a waiver against any and all rights to seek access to funds in the Trust Account. If APx is unable to complete the Business Combination because it does not have sufficient funds available, APx will be forced to cease operations and liquidate the Trust Account. Consequently, the Public Shareholders may only receive an estimated $11.99 per share, following the December 2024 EGM, on APx’s redemption of its Public Shares, and the APx Warrants will expire worthless. During the pendency of the Business Combination, APx will not be able to enter into a business combination with another party because of restrictions in the Business Combination Agreement. Furthermore, certain provisions of the Business Combination Agreement will discourage third parties from submitting alternative takeover proposals, including proposals that may be superior to the arrangements contemplated by the Business Combination Agreement. Covenants in the Business Combination Agreement impede the ability of APx to make acquisitions or complete other transactions that are not in the ordinary course of business pending completion of the Business Combination. As a result, APx may be at a disadvantage to its competitors during that period. In addition, while the Business Combination Agreement is in effect, neither APx nor the Company may, directly or indirectly, solicit, initiate, enter into or continue discussions, negotiations or transactions with, or encourage or respond to any inquiries or proposals by, or provide information to, any third party (other than the Company and its respective representatives), even though any such alternative acquisition could be more favorable to APx Shareholders than the Business Combination. In addition, if the Business Combination is not completed, these provisions will make it more difficult to complete an alternative business combination following the termination of the Business Combination Agreement due to the passage of time during which these provisions have remained in effect. 82 If third parties bring claims against APx, the proceeds held in the Trust Account could be reduced and the per -share redemption amount received by Public Shareholders may be less than their pro -rata entitlement of the proceeds held in the Trust Account. APx’s placing of funds in the Trust Account may not protect those funds from third -partyclaims against APx. Although APx will seek to have all