Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 497

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 497
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 effectuate our initial business combination. 

We issued warrants to purchase 8,625,000 Class
A ordinary shares as part of the units offered by the IPO prospectus and, simultaneously with the closing of the IPO, we issued in a
private placement an aggregate of 8,950,000 private placement warrants, at $1.00 per warrant. To the extent we issue ordinary shares
to effectuate a business transaction, the potential for the issuance of a substantial number of additional Class A ordinary shares upon
exercise of these warrants could make us a less attractive acquisition vehicle to a target business. Such warrants, when exercised, will
increase the number of issued and outstanding Class A ordinary shares and reduce the value of the Class A ordinary shares issued to complete
the business transaction. Therefore, our warrants may make it more difficult to effectuate a business transaction or increase the cost
of acquiring the target business.

Because each unit contains one-half of one warrant and only
a whole warrant may be exercised, the units may be worth less than units of other special purpose acquisition companies. 

Each unit contains one-half of one warrant. Pursuant
to the warrant agreement, no fractional warrants will be issued upon separation of the units, and only whole units will trade. If, upon
exercise of the warrants, a holder would be entitled to receive a fractional interest in a share, we will, upon exercise, round down
to the nearest whole number the number of Class A ordinary shares to be issued to the warrant holder. We have established the components
of the units in this way in order to reduce the dilutive effect of the warrants upon completion of a business combination since the warrants
will be exercisable in the aggregate for one-half of the number of shares, thus making us, we believe, a more attractive merger partner
for target businesses. Nevertheless, this unit structure may cause our units to be worth less than if it included a warrant to purchase
one whole share.

There is currently limited market for our securities, which
would adversely affect the liquidity and price of our securities. 

There is currently limited market for our securities.
Shareholders therefore have access to limited information about prior market history on which to base their investment decision. The
price of our securities may vary significantly due to one or more potential business combinations and general market or economic conditions,
including as a result of future pandemic and geopolitical events, including political unrest in the Middle East. Furthermore, an active
trading market for our securities may not be sustained. You