Company: APXIF
Filing Date: 2025-03-31
Form Type: F-4/A
Source: 0001213900-25-026339
Chunk: 194

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: F-4/A
Chunk 194
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 time purchase Public Shares prior to the consummation of the Business Combination. The approval of the Business Combination Proposal requires an ordinary resolution under the Existing Governing Documents, being the affirmative vote of the holders of a simple majority of the ordinary shares who, being present in person or by proxy and entitled to vote at the Special Meeting, vote at the Special Meeting. The approval of the Cayman Merger Proposal requires a special resolution under APx’s Existing Governing Documents, being the affirmative vote of the holders of at least two -thirdsof the ordinary shares who, being present in person or by proxy and entitled to vote at the Special Meeting, vote at the Special Meeting. The Business Combination Proposal and the Cayman Merger Proposal are each conditioned upon each other. Pursuant to the IPO Letter Agreement, the Initial Shareholders have agreed to vote in favor of the adoption and approval of the Business Combination. As a result: •the agreement by our Initial Shareholders to vote in favor of the Business Combination Proposal will increase the likelihood that we will receive the requisite shareholder approval for the Business Combination Proposal. If all Founders Shares are voted in favor of the Business Combination Proposal, none of the 520,056 Public Shares outstanding need to be voted in favor of the Business Combination Proposal (assuming all outstanding shares are voted) in order to have the Business Combination Proposal approved, assuming all shares are voted; and •the agreement by our Initial Shareholders and our officers and directors to vote in favor of the Cayman Merger Proposal will increase the likelihood that we will receive the requisite shareholder approval for the Cayman Merger Proposal. If all Founders Shares are voted in favor of the Cayman Merger Proposal and Charter Amendment Proposal, none of the 520,056 Public Shares outstanding need to be voted in favor of the Cayman Merger Proposal (assuming all outstanding shares are voted) in order to have the Cayman Merger Proposal approved, assuming all shares are voted. Accordingly, the agreement by the Initial Shareholders to vote in favor of the Business Combination increases the likelihood that APx will receive the requisite shareholder approval for the Business Combination. If the conditions to the Business Combination Agreement are not met, the Business Combination may not be completed. Even if the Business Combination Agreement is approved by APx’s shareholders, specified conditions must be satisfied or waived before the parties to the Business Combination Agreement are obligated to complete the Business Combination. For a list of the material closing conditions contained in the Business Combination Agreement, see the section entitled “ The Business Combination Agreement —