Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 284

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 284
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 of the number and wide variety of factors considered in connection with its evaluation of the Business Combination, the APx Board did not consider it practicable to, and did not attempt to, quantify or otherwise assign relative weights to the specific factors that it considered in reaching its determination and supporting its decision. The APx Board viewed its decision as being based on the information available and the factors presented to and considered by it. In addition, individual directors may have given different weight to different factors. This explanation of APx’s reasons for the Business Combination and all other information presented in this section is forward -lookingin nature and, therefore, should be read together with the factors discussed under the section titled “ Cautionary Note Regarding Forward -Looking Statements.” In connection with analyzing the Business Combination, APx’s management reviewed and compared, using publicly available information, certain financial information for the Company corresponding to financial information, ratios and public market multiples for certain companies believed by APx’s management and its advisors, based on their experience and judgment, to be comparable to the Company. None of such companies is identical to the Company. Before reaching its decision, the APx Board reviewed the results of the due diligence conducted by its management, members of the Sponsor and APx’s advisors, which supported moving forward with the transaction. 129

The due diligence included: •meetings and calls with the management team, board members, shareholders and advisors of the Company regarding, among other things, the Company’s technology, commercialization plans (including through potential retail partners in Latin America and market opportunity (including potential expansion into Latin American jurisdictions outside of Argentina and Paraguay); •review of the Company’s material contracts and other agreements, including its governing documents and instruments and agreements related to key intellectual property, clients, vendors, suppliers, advisors, joint ventures, partnerships, consultants, employees, contractors, indemnities and any prior acquisitions, mergers and/or dispositions; •financial, tax, legal, insurance, accounting, operational, business and other due diligence, including reviews of board meeting minutes and resolutions, labor and employment matters, the Company’s corporate and management structure (including that of affiliates and subsidiaries), intellectual property, investor agreements and capitalization tables, prior communications made with shareholders or other holders of company securities, prior insider transactions, prior restructuring and recapitalizations, legal proceedings, legal compliance with applicable laws and regulations, privacy/data security, regulatory licenses, permits, approvals and authorizations, tax matters and critical third -partyvendor arrangements; •analysis of revenue and EBIT