Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 187

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 187
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 2024, at which time our securities would be delisted from Nasdaq in accordance with IM -5101-2, irrespective of our progress or lack thereof toward regaining compliance with the Rule, and that the Nasdaq’s staff had determined to initiate procedures to delist our warrants (and, as a result of the warrants’ inclusion therein, the SPAC Units) from Nasdaq due to our non -compliance. Nasdaq suspended the trading of the Public Warrants and the SPAC Units on November 5, 2024. On December 10, 2024, we received a letter from the Listing Qualifications Department of Nasdaq stating that, pursuant to Nasdaq Listing Rule IM -5101-2, Nasdaq’s staff had determined that (i) our securities will be delisted from Nasdaq, (ii) trading of our SPAC Class A Ordinary Shares, Public Warrants, and SPAC Units would be suspended at the opening of business on December 17, 2024 and (iii) a Form 25 -NSEwill be filed with the SEC, which will remove our 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 we failed to complete our initial business combination by December 6, 2024, Nasdaq’s staff concluded that the we did not comply with Rule IM -5101-2and that our securities are now subject to delisting. 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. 75 We did not request a hearing in respect of the Public Warrants, SPAC Units or the SPAC Class A Ordinary Shares delisting. As of the date hereof, Nasdaq has not yet filed the Form 25 -NSEwith the SEC. We intend to apply for the trading of our securities on the over -the -countermarket after they are delisted from Nasdaq. We will remain a reporting entity under the Securities Exchange Act of 1934, as amended, with respect to continued disclosure of financial and operational information. In order to complete the delisting process, we expect that Nasdaq will file a Form 25 -NSEwith the SEC, and the delisting will become effective ten