Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 324

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 324
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 date of the Merger, and the holding period of such Company Shares would begin on the day following the Merger. U.S. Holders of Public Warrants The Public Warrants are currently each exercisable for one Public Share and will become, pursuant to the Merger, Company Warrants each exercisable for one Company Shares following the Business Combination. A U.S. Holder of Public Warrants that does not also exchange Public Shares for Company Shares in the Merger generally would recognize gain or loss in an amount equal to the difference between the fair market value of the Company Warrants deemed received and such holder’s tax basis in the Public Warrants deemed exchanged therefor. 162 If a U.S. Holder of Public Warrants also exchanges Public Shares for Company Shares in the Merger, and if the Merger, taken together with certain related transactions, qualifies for the Intended Tax Treatment, then the tax treatment of such U.S. Holder depends on whether the conversion of Public Warrants into Company Warrants in the Business Combination is treated as part of the transfer of property to a corporation under Section 351 of the Code or as a separate transaction, as provided below. If the conversion of Public Warrants into Company Warrants is treated as part of the transfer of property to a corporation under Section 351 of the Code and not treated as a separate transaction, then such U.S. Holder generally would recognize gain, but not loss, equal to the lesser of (i) such U.S. Holder’s “realized gain” from the exchange (generally the excess of the fair market value of all Company Securities received over such stockholder’s aggregate tax basis in the APx Securities exchanged therefor), and (ii) the fair market value of the Company Warrants deemed received. Under this approach, the holding period of the Company Shares received by such U.S. Holder should include the period during which the Public Shares exchanged therefor were held by such U.S. Holder, and a U.S. Holder’s holding period in the Company Warrants received should begin on the day after the Merger. If the conversion of Public Warrants into Company Warrants is treated as a separate transaction, then the U.S. federal income tax treatment of the U.S. Holder’s exchange of Public Shares for Company Shares should be treated as described above under “ — U.S. Holders of Public Shares,” and a U.S. Holder that owns Public Warrants should recognize gain or loss upon the conversion of those Public Warrants to Company Warrants equal to