Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 1912

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 1912
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izations and the like) for any 20 trading days within a 30-trading day period ending
on the third trading day prior to the date on which we send the notice of redemption to the warrant holders (the “Reference Value”).

F-21

The Company
will not redeem the warrants as described above unless an effective registration statement under the Securities Act covering the issuance
of the Class A ordinary shares issuable upon exercise of the warrants is then effective and a current prospectus relating to those Class
A ordinary shares is available throughout the 30-day redemption period. If and when the warrants become redeemable by us, the Company
may exercise its redemption right even if the Company is unable to register or qualify the underlying securities for sale under all applicable
state securities laws. 

Redemption of warrants when
the price per Class A ordinary share equals or exceeds $10.00.

Once the
Warrants become exercisable, the Company may redeem the Warrants for redemption: 

●in
whole and not in part;

●at
$0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption, provided that holders will be able to exercise
their warrants on a cashless basis prior to redemption and receive the number of shares determined by reference to the table set forth
under “Description of Securities-Warrants-Public Shareholders’ Warrants” based on the redemption date and the “fair
market value” of our Class A ordinary shares (as defined below);

●if,
and only if, the Reference Value (as defined above under “Redemption of warrants when the price per Class A ordinary share equals
or exceeds $18.00”) equals or exceeds $10.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations,
recapitalizations and the like); and

●if
the Reference Value is less than $18.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations
and the like), the private placement warrants must also concurrently be called for redemption on the same terms (except as described
herein with respect to a holder’s ability to cashless exercise its warrants) as the outstanding public warrants, as described above.

If and when
the Public Warrants become redeemable by the Company, the Company may not exercise its redemption right if the issuance of shares of common
shares upon exercise of the warrants is not exempt from registration or qualification under applicable state blue sky laws