Company: APXIF
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065703
Chunk: 49

Company: APx Acquisition Corp. I
Filing Date: 2025-07-18
Form: F-4/A
Chunk 49
---
 exercise of the Company’s option to pay for a portion of the EarlyBird Fee in Company Shares. See “ Certain Agreements Relating to the Business Combination — EarlyBird Engagement Letter.” (13)The amount left in trust was calculated as cash held in Trust Account as of December 31, 2024, plus accrued interest receivable adjusted for reductions in the Trust Account reflecting the various redemption scenarios (based on the estimated per -shareredemption price of approximately $12.05 per share as of December 31, 2024). See “ Preliminary Proxy Statement — Compensation Received by the Sponsors — Conflicts of Interest” and “ Business of APx and Certain Information About APx — Overview.” Q:When will the Business Combination be completed? A:It is currently anticipated that the Business Combination will be consummated as soon as practicable following the Special Meeting, which is set for, 2025; however, (i) such meeting could be adjourned if the Adjournment Proposal is approved by our shareholders at the Special Meeting and we elect to adjourn the Special Meeting to a later date or dates to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the Special Meeting, the Business Combination Proposal and the Cayman Merger Proposal have not been approved, and (ii) the Closing will not occur until all conditions set forth in the Business Combination Agreement are satisfied or waived. For a description of the conditions to the completion of the Business Combination, see “ The Business Combination Agreement — Conditions to Closing.” Q:What happens if the Business Combination is not completed? A:If APx does not complete the Business Combination for any reason, APx would search for another target business with which to complete a business combination. If APx does not complete the Business Combination or a business combination with another target business by the Extended Date (as defined below), APx must redeem 100% of the outstanding Public Shares, at a per -shareprice, payable in cash, equal to the amount then held in the Trust Account including interest earned on the funds held in the Trust Account and not previously released to the APx (less taxes payable, if any, and up to $100,000 of interest to pay dissolution expenses) divided by the number of then outstanding Public Shares. The Initial Shareholders hold no Redemption Rights and, in the event a business combination is not effected in the required time period, their Founder Shares (as defined below) will be worthless. Additionally