Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 223

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 223
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 Class A Ordinary Shares held by non -affiliatesexceeds $700 million as of any June 30 before that time, in which case APx would no longer be an emerging growth company as of the following December 31. APx cannot predict whether investors will find its securities less attractive because it will rely on these exemptions. If some investors find APx Securities less 93 attractive as a result of APx’s reliance on these exemptions, the trading prices of APx Securities may be lower than they otherwise would be, there may be a less active trading market for APx Securities and the trading prices of APx Securities may be more volatile. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non -emerginggrowth companies but any such an election to opt out is irrevocable. APx has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, APx, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of our financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Additionally, APx is a “smaller reporting company” as defined in Item 10(f)(1) of Regulation S -K. Smaller reporting companies may take advantage of certain reduced disclosure obligations, including, among other things, providing only two years of audited financial statements. APx will remain a smaller reporting company until the last day of the fiscal year in which (1) the market value of the SPAC Class A Ordinary Shares held by non -affiliatesequals or exceeds $250 million as of the prior June 30 th, and (2) APx’s annual revenues equaled or exceeded $100 million during such completed fiscal year and the market value of the SPAC Class A Ordinary Shares held by non