Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 321

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 321
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 the time the dividend was paid or in the preceding year and provided certain holding period requirements are met. Because APx believes that it has been a PFIC since its first taxable year and that it will be a PFIC for its current taxable year (as discussed below under “ PFIC Rules”), dividends that APx pays to a non -corporateU.S. Holder will not constitute “qualified dividends” that would be taxable at a reduced rate. Tax Consequences of the Merger In General It is intended that the Merger, taken together with certain related transactions, will constitute an integrated transaction that qualifies under Section 351(a) of the Code (the “Intended Tax Treatment”). The parties to the Business Combination Agreement have agreed to report the Merger, together with certain related transactions, consistently with the Intended Tax Treatment for U.S. federal income tax purposes. The closing of the Business Combination is not conditioned upon the receipt of an opinion of counsel or a ruling from the IRS regarding the U.S. federal income tax treatment of the Business Combination, and no opinion of counsel or ruling from the IRS will be requested regarding such treatment. Accordingly, no assurance can be given that the IRS will not challenge the qualification of the Merger for the Intended Tax Treatment or that a court will not sustain such a challenge by the IRS. U.S. Holders of Public Shares If the Merger, taken together with certain related transactions, qualifies for the Intended Tax Treatment, a U.S. Holder that exchanges Public Shares in the Merger for Company Shares generally should not recognize any gain or loss on such exchange, subject to Section 367(a) of the Code and the PFIC rules discussed below and subject to the discussion below regarding the treatment of U.S. Holders that exchange both Public Shares and Public Warrants. In such case, assuming gain recognition is not required under Section 367(a) of the Code or the PFIC rules as described below, the aggregate adjusted tax basis of the Company Shares received in the Merger by a U.S. Holder should be equal to the adjusted tax basis of the Public Shares surrendered in the Merger in exchange therefor and the holding period of the Company Shares should include the holding period during which the Public Shares surrendered in the Merger in exchange therefor were held by such U.S. Holder. If the Merger, taken together with certain related transactions, does not qualify for the Intended Tax Treatment, a U.S. Holder that exchanges Public Shares in the Merger for Company Shares generally would be