Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 200

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 200
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 the Business Combination, APx will not be able to enter into a business combination with another party because of restrictions in the Business Combination Agreement. Furthermore, certain provisions of the Business Combination Agreement will discourage third parties from submitting alternative takeover proposals, including proposals that may be superior to the arrangements contemplated by the Business Combination Agreement. Covenants in the Business Combination Agreement impede the ability of APx to make acquisitions or complete other transactions that are not in the ordinary course of business pending completion of the Business Combination. As a result, APx may be at a disadvantage to its competitors during that period. In addition, while the Business Combination Agreement is in effect, neither APx nor the Company may, directly or indirectly, solicit, initiate, enter into or continue discussions, negotiations or transactions with, or encourage or respond to any inquiries or proposals by, or provide information to, any third party (other than the Company and its respective representatives), even though any such alternative acquisition could be more favorable to APx Shareholders than the Business Combination. In addition, if the Business Combination is not completed, these provisions will make it more difficult to complete an alternative business combination following the termination of the Business Combination Agreement due to the passage of time during which these provisions have remained in effect. If third parties bring claims against APx, the proceeds held in the Trust Account could be reduced and the per -share redemption amount received by Public Shareholders may be less than their pro -rata entitlement of the proceeds held in the Trust Account. APx’s placing of funds in the Trust Account may not protect those funds from third -partyclaims against APx. Although APx will seek to have all vendors, service providers (except for our independent registered public accounting firm), prospective target businesses and other entities with which APx does business execute agreements with APx waiving any right, title, interest or claim of any kind in or to any monies held in the Trust Account for the benefit of the Public Shareholders, such parties may not execute such agreements, or even if they execute such agreements they may not be prevented from bringing claims against the Trust Account, including, but not limited to, fraudulent inducement, breach of fiduciary responsibility or other similar claims, as well as claims challenging the enforceability of the waiver, in each case in order to gain advantage with respect to a claim against APx’s assets, including the funds held in the Trust Account. If any third party refuses to execute an agreement waiving such claims to the monies held in the