Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 592

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 592
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 however, Nasdaq has not yet filed the Form 25 -NSEwith the SEC. On December 10, 2024, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that, pursuant to Nasdaq Listing Rule IM -5101-2(“Rule IM -5101-2”), the staff of Nasdaq (“Staff”) had determined that (i) the Company’s securities will be delisted from Nasdaq, (ii) trading of the Company’s Class A common stock, warrants, and units will be suspended at the opening of business on December 17, 2024 and (iii) a Form 25 -NSEwill be filed with the Securities and Exchange Commission (the “SEC”), which will remove the Company’s securities from listing and registration on Nasdaq. Under Rule IM -5101-2, a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its initial public offering registration statement. Since the Company failed to complete its initial business combination by December 6, 2024, the Staff concluded that the Company did not comply with Rule IM -5101-2and that the Company’s securities are now subject to delisting. F-66 APX ACQUISITION CORP. I
NOTES TO FINANCIAL STATEMENTS NOTE 1. DESCRIPTION OF ORGANIZATION, AND BUSINESS OPERATIONS AND GOING CONCERN (con t.) As a result, trading in our securities on Nasdaq was effectively suspended with the open of the market on December 17, 2024, and our securities are currently eligible to trade only on the over -the -countermarkets system. On March 21, 2025, Nasdaq filed a Form 25 -NSEin respect of our Class A ordinary shares with the SEC, and the delisting of our Class A ordinary shares will become effective on March 31, 2025. In order to complete the delisting process with respect to our units and warrants, we expect that Nasdaq will file a Form 25 -NSEin respect of such securities with the SEC, and the delisting will become effective ten days after such Form 25 -NSEis filed. Although we expect that we will be notified by Nasdaq prior to the filing of such Form 25 -NSE, as well as prior to the release of a press release by Nasdaq announcing the delisting event, we are not at this time able to determine