Company: APXIF
Filing Date: 2025-06-11
Form Type: 10-Q
Source: 0001213900-25-053185
Chunk: 108

Company: APx Acquisition Corp. I
Filing Date: 2025-06-11
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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12 months from the closing
of the Initial Public Offering. The Public Warrants will expire five years from the consummation of a Business Combination or earlier
upon redemption or liquidation.

The Company will not
be obligated to deliver any Class A ordinary shares pursuant to the exercise of a Public Warrant and will have no obligation to settle
such Public Warrant exercise unless a registration statement under the Securities Act covering the issuance of the Class A ordinary
shares issuable upon exercise of the Public Warrants is then effective and a prospectus relating thereto is current, subject to the Company
satisfying its obligations with respect to registration. No Public Warrant will be exercisable for cash or on a cashless basis, and the
Company will not be obligated to issue any shares to holders seeking to exercise their Public Warrants, unless the issuance of the shares
upon such exercise is registered or qualified under the securities laws of the state of the exercising holder, or an exemption from registration
is available.

The Company has
agreed that as soon as practicable, but in no event later than 15 business days, after the closing of a Business Combination, it
will use its best efforts to file with the SEC a registration statement registering the issuance, under the Securities Act, of the
Class A ordinary shares issuable upon exercise of the Public Warrants. The Company will use its best efforts to file with the
SEC a registration statement covering the shares of Class A ordinary shares issuable upon exercise of the warrants, to cause
such registration statement to become effective and to maintain a current prospectus relating to those shares of Class A
ordinary shares until the warrants expire or are redeemed, as specified in the warrant agreement. If a registration statement
covering the shares of Class A ordinary shares issuable upon exercise of the warrants is not effective by the 60th business day
after the closing of a Business Combination, warrant holders may, until such time as there is an effective registration statement
and during any period when the Company will have failed to maintain an effective registration statement, exercise warrants on a
“cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption.

Redemption of warrants when the price per
Class A ordinary share equals or exceeds $18.00.

Once the warrants become
exercisable, the Company may redeem the Warrants for redemption:

●in whole and not in part;

●at a price of $0.01