Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 433

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 433
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 Business of the Company—Intellectual Property—Services Agreements—CIBIC.” 224 Business of APx and Certain Information About APx References in this section to “we”, “our”, “us”, the “Company”, or “APx” generally refer to APx Acquisition Corp. I. Overview APx is a blank check company incorporated as a Cayman Islands exempted company on May 13, 2021, whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. APx is not limited to a particular industry or geographic region in its identification and acquisition of a target company. The Sponsor is a Tennessee limited liability company that holds Founder Shares and the Private Warrants. The Sponsor has no business operations or activities other than holding Founder Shares and the Private Warrants. However, the Sponsor has made, and may make in the future, loans to APx to provide APx with the funds necessary for the payment of working capital expenses. The registration statement for the IPO was declared effective on December 6, 2021. On December 9, 2021, APx consummated its IPO of 17,250,000 units (the “SPAC Units”), including the issuance of 2,250,000 SPAC Units as a result of the underwriters’ exercise of their over -allotmentoption in full. Each SPAC Unit consists of one SPAC Class A Ordinary Share, par value $0.0001 per share, and one -halfof one redeemable warrant of APx (each whole warrant, a “Public Warrant”), with each Public Warrant entitling the holder thereof to purchase one SPAC Class A Ordinary Share for $11.50 per share, subject to adjustment. The SPAC Units were sold at a price of $10.00 per unit, generating gross proceeds to APx of $172,500,000. On May 21, 2021, the Initial Sponsor paid $25,000, or approximately $0.006 per share, to cover certain offering costs in consideration for 4,312,500 Founder Shares. Simultaneously with the closing of the IPO, APx completed the private sale of 8,950,000 Private Placement Warrants to the Initial Sponsor at a purchase price of $1.00 per Private Placement Warrant, generating gross proceeds to APx of $8,950,000. The Private Placement W