Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 223

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 223
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 ordinary shares equal to the quotient obtained by dividing (x) the product of the number of the ordinary shares underlying the APx Warrants, multiplied by the excess of the “fair market value” of the ordinary shares (as defined in the next sentence) over the exercise price of the APx Warrants by (y) the fair market value. The “fair market value” is the average reported closing price of the ordinary shares for the 10 trading days ending on the third trading day prior to the date on which the notice of exercise is received by the warrant agent or on which the notice of redemption is sent to the holders of APx Warrants, as applicable. As a result, you would receive fewer shares from such exercise than if you were to exercise such APx Warrants for cash. APx may issue additional ordinary shares or preference shares to complete the Business Combination. The Existing Governing Documents authorize the issuance of up to 200,000,000 SPAC Class A Ordinary Shares, par value $0.0001 per share, 20,000,000 SPAC Class B ordinary shares, par value $0.0001 per share, and 1,000,000 preference shares, par value $0.0001 per share. As of the date of this proxy statement/prospectus, there are 195,167,444 authorized but unissued SPAC Class A Ordinary Shares available for issuance which amount does not take into account shares reserved for issuance upon exercise of outstanding APx Warrants. As of the date of this proxy statement/prospectus, there are no SPAC Class B ordinary shares and no preference shares issued and outstanding. APx may issue a substantial number of additional ordinary shares or preference shares to complete the Business Combination or to raise additional capital. However, the Existing Governing Documents provide, among other things, that prior to the Business Combination, APx may not issue additional shares that would entitle the holders thereof to (i) receive funds from the Trust Account or (ii) vote as a class with the Public Shares on the Business Combination. These provisions of the Existing Governing Documents, like all provisions of the Existing Governing Documents, may be amended with a shareholder vote. The issuance of additional ordinary shares or preference shares: •may significantly dilute the equity interest of investors in the IPO; •may subordinate the rights of holders of ordinary shares if preference shares are issued with rights senior to those afforded to the ordinary shares; •could cause a change in control if a substantial number of ordinary