Company: APXIF
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065703
Chunk: 191

Company: APx Acquisition Corp. I
Filing Date: 2025-07-18
Form: F-4/A
Chunk 191
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 actions, among others, will result in DTC agreeing to accept the Company Shares or the Company Warrants for deposit and clearing within its facilities. DTC is not obligated to accept Company Shares or the Company Warrants for deposit and clearing within its facilities in connection with the listing and, even if DTC does initially accept Company Shares or the Company Warrants, it will generally have discretion to cease to act as a depository and clearing agency for Company Shares or the Company Warrants. If DTC determines at any time after the completion of the transactions and the listing that the Company Shares or the Company Warrants were not eligible for continued deposit and clearance within its facilities, then the Company believes the Company Shares or the Company Warrants would not be eligible for continued listing on a U.S. securities exchange and trading in the shares would be disrupted. While the Company would pursue alternative arrangements to preserve its listing and maintain trading, any such disruption could have a material adverse effect on the market price of the Company Shares or the Company Warrants. If we were a passive foreign investment company for U.S. federal income tax purposes for any taxable year, U.S. Holders of Company Shares could be subject to adverse U.S. federal income tax consequences. If we are or become a passive foreign investment company (“PFIC”) within the meaning of Section 1297 of the Code (as defined under “ Material U.S. Federal Income Tax Considerations”) for any taxable year during which a U.S. Holder (as defined under “ Material U.S. Federal Income Tax Considerations”) holds Company Shares, certain adverse U.S. federal income tax consequences may apply to such U.S. Holder. The PFIC status of a company depends on the composition of such company’s income and assets and the fair market value of its assets from time to time, as well as on the application of complex statutory and regulatory rules that are subject to potentially varying or changing interpretations. We have not made a determination as to whether we currently are, or in the future may become, a PFIC, and there can be no assurance that we will not be treated as a PFIC for any taxable year. If we were treated as a PFIC, a U.S. Holder of Company Shares may be subject to adverse U.S. federal income tax consequences, such as taxation at the highest marginal ordinary income tax rates on capital gains and on certain actual or deemed distributions, interest charges on certain taxes treated as deferred, and additional reporting requirements. Certain elections (including a qualified electing fund (“Q