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

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 22
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ger Sub so that SPAC be the surviving company and all the undertaking, property and liabilities of Merger Sub vest in SPAC by virtue of such merger pursuant to the Companies Act (As Revised) of the Cayman Islands, that the plan of merger substantially in the form appended to the proxy statement/prospectus as Annex B (the “Plan of Merger”) be authorized, approved and confirmed, that SPAC be authorized to enter into the Plan of Merger, and that SPAC amend and restate its memorandum and articles of association in the form attached to the Plan of Merger with effect from the effective time of such merger.” (3) Proposal No. 3 — The Charter Amendment Proposal— to consider and vote upon a proposal to approve by special resolution amendments to APx’s Existing Governing Documents to provide that the requirement that net tangible assets of APx be no less than $5,000,001 in order to complete a business combination or redeem Public Shares (the “Asset Test”) may be measured based on the net tangible assets of APx or the combined company following a business combination (we refer to this proposal as the “Charter Amendment Proposal”). The full text of the resolution to be proposed is as follows: “RESOLVED, as a special resolution, that the amended and restated memorandum and articles of association of SPAC be amended by: (i)the deletion of the existing Article 49.2 in its entirety and the insertion of the following language in its place: 49.2 Prior to the consummation of a Business Combination, the Company shall either: (a)submit such Business Combination to its Members for approval; or (b)provide Members with the opportunity to have their Shares repurchased by means of a tender offer for a per -Sharerepurchase price payable in cash, equal to the aggregate amount then on deposit in the Trust Account, calculated as of two business days prior to the consummation of such Business Combination, including interest earned on the Trust Account (net of taxes paid or payable, if any), divided by the number of then issued Public Shares. Such obligation to repurchase Shares is subject to the completion of the proposed Business Combination to which it relates. (ii)the deletion of the existing Article 49.4 in its entirety and the insertion of the following language in its place: 49.4 At a general meeting called for the purposes of approving a Business Combination pursuant to this Article, in the event that such Business Combination is approved by Ordinary Resolution,