Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 199

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 199
---
 less than the proceeds held in the Trust Account, due to claims of such creditors. Pursuant to the IPO Letter Agreement, the Initial Shareholders have agreed that they will be liable to APx if and to the extent any claims by a third party for services rendered or products sold to APx, confidentiality or other similar agreement or the Business Combination Agreement, reduce the amount of funds in the Trust Account to below the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under our indemnity of the underwriters of the IPO against certain liabilities, including liabilities under the Securities Act. However, APx has not asked the Initial Shareholders to reserve for such indemnification obligations, nor has APx independently verified whether the Initial Shareholders have sufficient funds to satisfy their indemnity obligations and APx believes that the Sponsor’s only assets are securities of APx. Therefore, APx cannot assure you that the Initial Shareholders would be able to satisfy those obligations. As a result, if any 81 such claims were successfully made against the Trust Account, the funds available for the Business Combination and redemptions could be reduced. In such event, APx may not be able to complete the Business Combination, and you would receive a lesser amount per share in connection with any redemption of your Public Shares than your pro -rataentitlement of the proceeds held in the Trust Account. If, after APx distributes the proceeds in the Trust Account to the Public Shareholders, APx files a bankruptcy or winding -up petition or an involuntary bankruptcy petition is filed against APx that is not dismissed, a bankruptcy or insolvency court may seek to recover such proceeds, and the members of the APx Board may be viewed as having breached their fiduciary duties to APx’s creditors, thereby exposing the members of the APx Board and APx to claims of punitive damages. If, after APx distributes the proceeds in the Trust Account to the Public Shareholders, APx files a bankruptcy or winding -uppetition or an involuntary bankruptcy petition is filed against APx that is not dismissed, any distributions received by shareholders could be viewed under applicable debtor/creditor and/or bankruptcy and/or insolvency laws as either a “preferential transfer”