Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 1114

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 1114
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a lumpsum of $379,740 for back payments to the Trust representing $125,000 for each of the months of June 2024, July 2024 and
August 2024 to extend the termination date to September 9, 2024, with the remaining balance making up the interest. On November 8,
2024, APx deposited a lumpsum of $375,000 for back payments to the Trust representing $125,000 for each of the months of September
2024, October 2024 and November 2024 as Extension Payments to extend the termination date to December 9, 2024.

Fifth Extension 

On December 4, 2024, the Company held an extraordinary
general meeting (the “December 2024 EGM”), As approved by its shareholders at the meeting, APx Acquisition Corp. I (the “Company”),
and its trustee, Continental Stock Transfer & Trust Company (the “Trustee”), signed an amendment (the “Trust
Agreement Amendment”) to the investment management trust agreement dated as of December 6, 2021 (the “Trust Agreement”),
giving the Company the right to extend the date by which it has to consummate a business combination (the “Combination Period”)
to December 9, 2025 (as extended, the “Extended Date”) (i.e., for a period of time ending 48 months after the consummation
of its initial public offering (the “IPO”)) (the “Extension Amendment Proposal”). 

Sponsor Alliance 

On September 8, 2023, the Company entered into
a purchase agreement (the “Purchase Agreement”) with the Company’s sponsor, APx Cap Sponsor Group I, LLC (the “Sponsor”)
and Templar, LLC and its designees (the “Purchaser”), whereby the Sponsor transferred to the Purchaser, in exchange for $1.00
plus the Purchaser’s agreement to advance up to $50,000 to pay for expenses related to Company’s Exchange Act filing obligations,
3,342,188 of the Company’s Class B ordinary shares, $0.0001 par value (the “Founder Shares”) and 6,936,250 private
placement warrants (the “Placement Warrants”) purchased at the time of the Company’s initial public offering (“IPO”)
pursuant to a Private Placement Warrants Purchase Agreement, dated December 6, 2021. The