Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 184

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 184
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 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 per Warrant;

●upon
a minimum of 30 days’ prior written notice of redemption, which we refer to as the 30-day redemption period; and

●if,
and only if, the closing price of our Class A ordinary shares equals or exceeds $18.00 per share (as adjusted for share sub-divisions,
share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period ending
on the third trading day prior to the date on which we send the notice of redemption to the warrant holders (the “Reference Value”).

F-21

The Company
will not redeem the warrants as described above unless an effective registration statement under the Securities Act covering the issuance
of the Class A ordinary shares issuable upon exercise of the warrants is then effective and a current prospectus relating to those Class
A ordinary shares is available throughout the 30-day redemption period. If and when the warrants become redeemable by us, the Company
may exercise its redemption right even if the Company is unable to register or qualify the underlying securities for sale under all applicable
state securities laws. 

Redemption of warrants when
the price per Class A ordinary share equals or exceeds $10.00.

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

●in
whole and not in part;

●at
$0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption, provided that holders will be able to exercise
their warrants on a cashless basis prior to redemption and receive the number of