Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 57

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 57
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 threshold may make it possible for us to complete our initial business combination with which a substantial
majority of our shareholders do not agree. 

The Existing Governing Documents do not provide a specified maximum
redemption threshold. As a result, we 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.

Certain agreements related to the IPO may be amended without
shareholder approval. 

Each of the agreements related to the IPO to
which we are a party, other than the warrant agreement (except for provisions of the warrant agreement enabling amendments without shareholder
or warrant holder approval that are necessary in the good faith determination of our board of directors (taking into account then existing
market precedents) to allow for the warrants to be classified as equity in our financial statements (provided that any modifications
or amendments that would increase the warrant price or shorten the exercise period shall require the approval of the warrant holders
in accordance with the warrant agreement)) and the investment management trust agreement, may be amended without shareholder approval.
Such agreements are: the underwriting agreement; the letter agreement among us and our initial shareholders, our Sponsors, officers and
directors; the registration rights agreement among us and our initial shareholders; and the private placement warrants purchase agreement
between us and our Sponsors. These agreements contain various provisions that our public shareholders might deem to be material. For
example, our letter agreement and the underwriting agreement contain certain lock-up provisions with respect to the founder shares, private
placement warrants and other securities held by our initial shareholders, Sponsors, officers and directors. Amendments to such agreements
would require the consent of the applicable parties thereto and would need to be approved by our board of directors, which may do so
for a variety of reasons, including to facilitate our initial business combination. While we do not expect our board of directors to
approve any amendment to any of these agreements prior to our initial business combination, it may be possible that our board of directors,
in exercising its business judgment and subject to its fiduciary duties, chooses to approve one or more amendments to any such agreement.
Any amendment entered into in connection with the consummation of our initial business combination will be disclosed in our proxy materials
or tender offer documents, as applicable, related to such initial business combination, and any other material amendment to any of our
material agreements will be disclosed in a filing with the SEC. Any such amendments would not require