Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 208

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 208
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 the Initial Shareholders to reserve for such indemnification obligations, nor has APx independently verified whether the Initial Shareholders have sufficient funds to satisfy their indemnity obligations and APx believes that the Sponsor’s only assets are securities of APx. Therefore, APx cannot assure you that the Initial Shareholders would be able to satisfy those obligations. As a result, if any such claims were successfully made against the Trust Account, the funds available for the Business Combination and redemptions could be reduced. In such event, APx may not be able to complete the Business Combination, and you would receive a lesser amount per share in connection with any redemption of your Public Shares than your pro -rataentitlement of the proceeds held in the Trust Account. If, after APx distributes the proceeds in the Trust Account to the Public Shareholders, APx files a bankruptcy or winding -up petition or an involuntary bankruptcy petition is filed against APx that is not dismissed, a bankruptcy or insolvency court may seek to recover such proceeds, and the members of the APx Board may be viewed as having breached their fiduciary duties to APx’s creditors, thereby exposing the members of the APx Board and APx to claims of punitive damages. If, after APx distributes the proceeds in the Trust Account to the Public Shareholders, APx files a bankruptcy or winding -uppetition or an involuntary bankruptcy petition is filed against APx that is not dismissed, any distributions received by shareholders could be viewed under applicable debtor/creditor and/or bankruptcy and/or insolvency laws as either a “preferential transfer” or a “fraudulent conveyance.” As a result, a bankruptcy or insolvency court could seek to recover some or all amounts received by the APx Shareholders. In addition, the APx Board may be viewed as having breached its fiduciary duty to APx’s creditors and/or having acted in bad faith, by paying Public Shareholders from the Trust Account prior to addressing the claims of creditors, thereby exposing itself and APx to claims of punitive damages. 83 If, before distributing the proceeds in the Trust Account to the Public Shareholders, APx files a bankruptcy or winding -uppetition or an involuntary bankruptcy petition is filed against APx that is not dismissed, the claims of creditors in such proceeding may have priority over the claims of the Public Shareholders and the per -shareamount that would otherwise be received by APx Shareholders in connection with APx’s liquidation may be reduced. If, before distributing the proceeds