Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 214

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 214
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 and in the industry in which it operates; •increased vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation; and •limitations on the Company’s ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, execution of the Company’s strategy and other purposes and other disadvantages compared to the Company’s competitors who have less debt. APx does not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for APx to complete the Business Combination with which a substantial majority of its shareholders do not agree. The Existing Governing Documents do not provide a specified maximum redemption threshold. As a result, APx may be able to complete the Business Combination even though a substantial majority of the Public Shareholders do not agree with the Business Combination and have redeemed their Public Shares. 86 APx and the Company will incur significant transaction and transition costs in connection with the Business Combination. APx and the Company expect to incur significant, non -recurringcosts in connection with consummating the Business Combination. Most of these costs are payable regardless of whether the Business Combination is completed. Transaction expenses as a result of the Business Combination are currently estimated at approximately $9.66 million in the aggregate, which is comprised of fees associated with legal, audit, printing and mailing of the proxy statement/prospectus, investor relations, insurance, and other operating costs related to the Business Combination. If APx does not consummate the Business Combination, it will be required to pay its own fees and expenses, and APx likely will not have sufficient cash available to pay its fees and expenses unless and until it completes a subsequent business combination transaction. If APx is unable to complete the Business Combination, the Public Shareholders may only receive their pro rata portion of the funds in the Trust Account that are available for distribution to Public Shareholders, and the Public Warrants will expire worthless. If APx does not complete the Business Combination for any number of reasons, including those beyond APx’s control, the costs incurred up to that point for the Business Combination likely would not be recoverable. Any such event will result in a loss to APx of the related costs incurred which could materially adversely affect subsequent attempts to locate and acquire or merge with another business. If APx is unable to complete the Business Combination, the Public Shareholders may only receive their pro rata portion of the funds in the Trust Account that are available for distribution to the Public Shareholders, and the Public W