Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 28

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 28
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For additional risks related to OmnigenicsAI
and the Proposed Business Combination, please see the Registration Statement on Form F-4 once filed that is expected to be filed in connection
with the Proposed Business Combination. 

Risks Relating to Our Search for, Consummation of, or Inability
to Consummate, a Business Combination and Post-Business Combination Risks 

We are an early stage incorporated exempted company with no operating
history and no revenues, and you have no basis on which to evaluate our ability to achieve our business objective. 

We are an early stage incorporated exempted company with no operating
results, and we will not commence operations until the consummation of our initial business combination. Because we lack an operating
history, you have no basis upon which to evaluate our ability to achieve our business objective of completing our initial business combination
with one or more target businesses. If we fail to complete our initial business combination, we will never generate any operating revenues.

The Proposed Business Combination is subject to the satisfaction
of certain conditions, which may not be satisfied on a timely basis, if at all. 

The consummation of the Proposed Business Combination
is subject to customary closing conditions for transactions involving special purpose acquisition companies, including, among others:

●approval of several proposals
by our shareholders;

●the capital stock constituting
the Proposed Business Combination consideration shall have been approved for listing on Nasdaq subject to notice of official issuance;

●no order, statute, rule or
regulation enjoining or prohibiting the consummation of the Proposed Business Combination being in effect;

●the Company having at least
$5,000,001 of net tangible assets as of the closing of the Proposed Business Combination;

●the Form S-4 having become
effective and no stop order being in effect;

●the receipt of certain regulatory
approvals; and

●customary bring down conditions.

Past performance may not be indicative of future performance
of an investment in our securities. Further, in the event of the termination of the Proposed Business Combination, we expect that the
market price of our securities would immediately and materially decrease, and there can be no assurance that we would be able to identify
and consummate an alternative business combination or as to the value of any such alternative business combination to our stockholders.

Information regarding performance by, or businesses
associated with, our management team and their affiliates is presented for informational purposes only. Any past acquisition or operational
experience of our management team and their affiliates is not