Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 153

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 153
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% of our ordinary shares, assuming maximum redemptions. As a result, the Parent will have the ability to control matters submitted to our shareholders for approval, including elections of directors, amendments to our organizational documents or approval of any merger, sale of assets or other major corporate transaction. This concentration of ownership may prevent or discourage unsolicited acquisition proposals or offers to acquire our ordinary shares that some of our shareholders feel are in their best interests, as the interests of these shareholders may not coincide with the interests of our other shareholders and they may act in a manner that advances their best interests and not necessarily those of all of our shareholders. Further, this concentration of ownership could adversely affect the prevailing market price for our securities. Impairment in the value of our intangible assets would negatively affect our results of operations and financial condition. We record intangible assets at fair value upon the acquisition of a business. Indefinite -livedintangible assets are evaluated for impairment annually, or more frequently if conditions warrant, by comparing the carrying value of a reporting unit to its estimated fair value. Intangible assets with definite lives are reviewed for impairment when events or circumstances indicate that their carrying value may not be recoverable. Declines in operating results, divestitures, 53 sustained market declines and other factors that impact the fair value of our reporting unit may in the future result in an impairment of intangible assets and, in turn, a charge to net income. Any future charges related to intangible assets may have a material adverse effect on our results of operations or financial condition. In addition, if we complete acquisitions in the future, this may result in additional goodwill and/or an increase in other intangible assets on our balance sheet. Goodwill represents the excess of amounts paid for acquiring businesses over the fair value of the net assets acquired. We are required annually, or as facts and circumstances exist, to assess other intangible assets to determine if impairment has occurred. If the testing performed indicates that impairment has occurred, we are required to record a non -cashimpairment charge for the difference between the carrying value of other intangible assets and the implied fair value of other intangible assets in the period the determination is made. We cannot accurately predict the amount and timing of any potential future impairment of assets. Should additional goodwill be recorded and the value other intangible assets become impaired, there could be a material adverse effect on our financial condition and results of operations. There can be no assurance that the Company’s securities that will be issued in connection with the Business Combination