Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 249

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 249
---
              ) |     |              (1.99 |  ) |     |       (1.99 |  ) |     |       (1.99 |  ) |

____________ Notes:- (1)Equity value per share is calculated using the following formula: Total shareholder’s equity divided by shares outstanding. (2)APx weighted average of outstanding shares was calculated as the average of outstanding shares as of June 30, 2023 (6,556,583 Class A ordinary shares subject to possible redemption and 4,312,500 Class A ordinary shares held by the Sponsor and the Initial Sponsor) and outstanding shares as of June 30, 2024 (5,597,624 Class A ordinary shares subject to possible redemption and 4,312,500 Class A ordinary shares held by the Sponsor and the Initial Sponsor). (3)The calculation of weighted average shares outstanding for basic and diluted net loss per share assumes that the Business Combination was closed as of July 1, 2023. The pro forma loss per share is calculated based on pro forma net loss divided by the weighted average pro forma basic and diluted number of shares. (4)The pro forma diluted loss per share does not consider the impact of securities other than the ordinary shares as such other securities would be anti -dilutivedue to the pro forma net loss position, and thus pro forma basic and diluted loss per share are the same value. We do not include our warrants as they are anti -dilutive. We also do not consider Company Shares that may be issued to EarlyBird pursuant to the EarlyBird Engagement Letter, which provides that, if the Business Combination closes, EarlyBird is entitled to the EarlyBird Fees, comprising of $2,000,000, of which up to $500,000 may be payable in Company Shares on the six -monthanniversary of the Closing. As a result, diluted income (loss) per share is the same as basic income (loss) per share for the periods presented.

114

The unaudited pro forma combined consolidated financial information has been prepared assuming three alternative levels of redemption of SPAC Ordinary Shares. The following table illustrates varying beneficial ownership levels in OmnigenicsAI assuming no redemptions by Public Shareholders, 50% redemption by Public Shareholders and the maximum redemptions by Public Shareholders.

|                                              |     |             No 
 Redemptions(1) |     |     % |   |     |           50% 
 Redemption(2) |