Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 498

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 498
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 may be unable to sell your securities unless a market can be sustained.

Provisions in our Articles may inhibit a takeover of us, which
could limit the price investors might be willing to pay in the future for our Class A ordinary shares and could entrench management.

Our Articles contain provisions that may discourage
unsolicited takeover proposals that shareholders may consider to be in their best interests. These provisions include a staggered board
of directors and the ability of the board of directors to designate the terms of and issue new series of preferred shares, which may
make the removal of management more difficult and may discourage transactions that otherwise could involve payment of a premium over
prevailing market prices for our securities.

Risks Relating to Acquiring and Operating a Business in Foreign
Countries 

If we effect our initial business combination with a company
located outside of the United States, we would be subject to a variety of additional risks that may adversely affect us. 

We intend to pursue a target company with operations
or opportunities outside of the United States for our initial business combination, which may subject us to additional burdens in connection
with investigating, agreeing to and completing such initial business combination, and if we effect such initial business combination,
we would be subject to a variety of additional risks that may negatively impact our operations.

If we pursue a target a company with operations
or opportunities outside of the United States for our initial business combination, we would be subject to risks associated with cross-border
business combinations, including in connection with investigating, agreeing to and completing our initial business combination, conducting
due diligence in a foreign jurisdiction, having such transaction approved by any local governments, regulators or agencies and changes
in the purchase price based on fluctuations in foreign exchange rates.

39

If we effect our initial business combination
with such a company, we would be subject to any special considerations or risks associated with companies operating in an international
setting, including any of the following:

●costs
                                            and difficulties inherent in managing cross-border business operations, including differences
                                            between U.S. GAAP and the International Accounting Standards;

●rules
                                            and regulations regarding currency redemption;

●complex
                                            corporate withholding taxes on individuals;

●laws
                                            governing the manner in which future business combinations may be effected;

●exchange
                                            listing and/or delisting requirements;

●tariffs
                                            and trade barriers;

●regulations
                                            related to customs and import/export matters;

●local
                                            or regional economic policies and market conditions;

●unexpected
                                            changes in regulatory requirements;

●