Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 483

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 483
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 (i) none of SPAC’s existing Public Shareholders exercise their redemption rights in connection with the approval of the Business Combination with respect to their Public Shares, and (ii) no additional equity securities of SPAC are issued prior to the Closing. In addition, the Company is expected to have 17,574,991 warrants issued and outstanding, each warrant exercisable for one Company Share at $11.50 per share. All of the Company Shares issued to the SPAC Shareholders in connection with the Business Combination will be freely transferable by persons other than by the Company’s “affiliates” or APx’s “affiliates” without restriction or further registration under the Securities Act. Sales of substantial amounts of the Company Shares in the public market could adversely affect prevailing market prices of the Company Shares. Prior to the Business Combination, there has been no public market for Company Shares. The Company intends to apply for listing of the Company Shares and Company Warrants on Nasdaq, but the Company cannot assure you that a regular trading market will develop in the Company Shares and Company Warrants. Lock-up Agreements and Registration Rights In connection with, and as a condition to the consummation of the Business Combination, the Company, the Parent, SPAC, the Sponsor, Theo and SPAC Shareholders will enter into the Registration Rights and Lock -UpAgreement pursuant to which, among other things, the Company, the Parent, SPAC, the Sponsor, Theo and SPAC Shareholders shall have customary demand and piggyback registration rights in connection with the Parent issued to them in the Merger. Additionally, the Company Shares held by each party to the Registration Rights and Lock -UpAgreement will be subject to a lock -upuntil (i) the date that is twelve (12) months from the Closing Date, and (ii) such date on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the shareholders of the Company having the right to exchange their Company Shares for cash, securities or other property, provided that if the share price of the Company Shares exceeds $12.00 per Company Share (as adjusted for share splits, dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30 -daytrading period, the parties to the Registration Rights and Lock -UpAgreement may transfer up to 50% of the Company Shares subject to the Registration Rights and Lock -UpAgreement. For more information about the