Company: APXIF
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065703
Chunk: 338

Company: APx Acquisition Corp. I
Filing Date: 2025-07-18
Form: F-4/A
Chunk 338
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 treatment. Accordingly, no assurance can be given that the IRS will not challenge the qualification of the Merger for the Intended Tax Treatment or that a court will not sustain such a challenge by the IRS. U.S. Holders of Public Shares If the Merger, taken together with certain related transactions, qualifies for the Intended Tax Treatment, a U.S. Holder that exchanges Public Shares in the Merger for Company Shares generally should not recognize any gain or loss on such exchange, subject to Section 367(a) of the Code and the PFIC rules discussed below and subject to the discussion below regarding the treatment of U.S. Holders that exchange both Public Shares and Public Warrants. In such case, assuming gain recognition is not required under Section 367(a) of the Code or the PFIC rules as described below, the aggregate adjusted tax basis of the Company Shares received in the Merger by a U.S. Holder should be equal to the adjusted tax basis of the Public Shares surrendered in the Merger in exchange therefor and the holding period of the Company Shares should include the holding period during which the Public Shares surrendered in the Merger in exchange therefor were held by such U.S. Holder. If the Merger, taken together with certain related transactions, does not qualify for the Intended Tax Treatment, a U.S. Holder that exchanges Public Shares in the Merger for Company Shares generally would be required to recognize gain or loss equal to the difference, if any, between (i) the fair market value of the Company Shares received by such U.S. Holder and (ii) such U.S. Holder’s adjusted tax basis in the Public Shares exchanged therefor. Subject to the PFIC rules discussed below, such gain or loss would be capital gain or loss and generally would be long -termcapital gain or loss if the U.S. Holder’s holding period for such Public Shares exceeds one year. It is unclear, however, whether the redemption rights of a U.S. Holder with respect to the Public Shares may suspend the running of the applicable holding period for this purpose. Net short -termcapital gain generally is taxed at regular ordinary income tax rates. Long -termcapital gain recognized by non -corporateU.S. Holders may be taxed at reduced rates. The deductibility of capital losses is subject to limitations. A U.S. Holder would have an aggregate tax basis in any Company Shares received in the Merger that is equal to the fair market value of such Company Shares as of the effective date of the Merger