Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 204

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 204
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 a result, a liquidator could seek to recover some or all amounts received by APx’s shareholders. Furthermore, the APx Board may be viewed as having breached their fiduciary duties to APx or APx’s creditors and/or having acted in bad faith, thereby exposing themselves and APx to claims, by paying the Public Shareholders from the Trust Account prior to addressing the claims of creditors. APx cannot assure you that claims will not be brought against APx for these reasons. APx and its affiliates who knowingly and willfully authorized or permitted any distribution to be paid out of the APx share premium account while APx was unable to pay its debts as they fall due in the ordinary course of business would be guilty of an offense and may be liable to a fine of $18,292.68 and to imprisonment for five years in the Cayman Islands. APx did not obtain a fairness opinion in connection with the Business Combination, and consequently, you do not have assurance from an independent source that the consideration APx is paying for the Company is fair to APx from a financial point of view. APx is not required to and did not obtain a fairness opinion in connection with the Business Combination. APx Shareholders are therefore relying on the judgment of the APx Board and you will not have assurance from an independent source that the consideration APx is paying for the Company is fair to APx from a financial point of view. APx may issue notes or other debt securities, or otherwise incur substantial debt, to complete the Business Combination, which may adversely affect APx’s leverage and financial condition and thus negatively impact the value of APx Shareholders’ investment in APx and subsequently in the Company. Although APx has no commitments as of the date of this proxy statement/prospectus to issue any notes or other debt securities, or to otherwise incur outstanding debt, APx may choose to incur substantial debt to complete the Business Combination. APx and its officers have agreed that APx will not incur any indebtedness unless APx has obtained from the lender a waiver of any right, title, interest or claim of any kind in or to the monies held in the Trust Account. As such, no issuance of debt will affect the per share amount available for redemption from the Trust Account. Nevertheless, the incurrence of debt could have a variety of negative effects, including: •default and foreclosure on the Company’s assets if the Company’s operating revenues after the Business Combination are insufficient to repay such debt obligations; •acceleration