Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 54

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 54
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585 and $6,233,015, respectively. These funds will not be released until the earlier of the completion of our initial business combination, the redemption of our Public Shares in connection with certain amendments to our Existing Governing Documents and the redemption of our Public Shares if we are unable to complete an initial business combination by the Extended Date, although we may withdraw the interest earned on the funds held in the Trust Account to pay taxes. Q:What happens if a substantial number of the Public Shareholders vote in favor of the Business Combination proposal and exercise their Redemption Rights? A:APx’s Public Shareholders may vote in favor of the Business Combination and exercise their Redemption Rights. Accordingly, the Business Combination may be consummated even though the funds available from the Trust Account and the number of Public Shareholders are reduced as a result of redemptions by Public Shareholders provided that APx, or, to the extent the Charter Amendment Proposal is approved by APx’s shareholders, the Company, has at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51 -1(g)(1) of the Exchange Act) remaining after such redemptions, including cash funded pursuant to the Backstop Agreement. However, the consummation of the Business Combination is conditioned upon, among other things, approval by APx’s shareholders of the Business Combination Agreement and the Business Combination. In addition, with fewer Public Shares and Public Shareholders, the trading market for Company Shares may be less liquid than the market for Public Shares was prior to consummation of the Business Combination and the Company may not be able to meet the listing standards for Nasdaq or another national securities exchange. In addition, with less funds available from the Trust Account, the working capital infusion from the Trust Account into the Company’s business will be reduced. xvii Q:What conditions must be satisfied to complete the Business Combination? A:Even if the Business Combination Agreement is approved by the shareholders of APx, 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 — Conditions to Closing.” Q:What proposals are shareholders being asked to vote upon? A:APx shareholders are being asked to vote on the following Shareholder Proposals: (1)the Business Combination Proposal; (2)the Cayman Merger Proposal; (3)the Charter Amendment