Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 221

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 221
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arrants may have an adverse effect on the market price of the Public Shares and make it more difficult to effectuate the Business Combination. APx issued Public Warrants to purchase 8,625,000 ordinary shares as part of the APx Units offered in the IPO, and, simultaneously with the closing of its initial public offering, APx issued in a private placement Private Placement Warrants to purchase an aggregate of 8,950,000 ordinary shares. In addition, if the Sponsor or an affiliate of the Sponsor or the Initial Shareholders make any working capital loans, such lender may convert those loans into up to an additional 1,500,000 Private Placement Warrants, at the price of $1.00 per Private Placement Warrant. To the extent APx issues ordinary shares to effectuate the Business Combination, the potential for the issuance of a substantial number of additional ordinary shares upon exercise of these APx Warrants could make APx a less attractive acquisition vehicle. Such APx Warrants, when exercised, will increase the number of issued and outstanding ordinary shares and reduce the value of the ordinary shares issued to complete the Business Combination. The holders of Public Warrants, regardless of whether they redeem Public Shares, would retain the Public Warrants they own. Because the Public Warrants will remain outstanding and become Company Warrants regardless of the level of redemptions of Public Shares, as redemptions of Public Shares increase, the holders of Public Warrants who exercise such warrants will ultimately own a greater interest in the Company because there would be fewer Company Shares outstanding overall. The holders of Public Warrants, regardless of whether they redeem Public Shares, would retain 8,625,000 Public Warrants, which will become Company Warrants, with a market value of approximately $based on the closing price of $per Public Warrant on the Record Date. Because the Public Warrants will remain outstanding and become Company Warrants regardless of the level of redemptions of Public Shares, as redemptions of Public Shares increase, the holders of Public Warrants who exercise such warrants will ultimately own a greater interest in the Company because there would be fewer Company Shares outstanding overall. The SPAC Warrant Agreement designates the courts of the State of New York or the United States District Court for the Southern District of New York as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by holders of APx Warrants, which could limit the ability of warrant holders to obtain a favorable judicial forum for disputes with APx. The