Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 270

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 270
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monthlock -upperiod, and •an exclusivity period was established for 365 days, with an optional 90 -dayextension upon mutual agreement. Negotiations persisted until September 15, 2022, when the target opted to explore private funding avenues, thereby discontinuing the proposal with APx prior to executing the letter of intent. • Luxury Real Estate Development Company: On May18, 2022, APx initiated contact with a luxury real estate development entity, leading to a preliminary meeting regarding a potential acquisition of a leading luxury real estate development company (“PG”). Following this interaction, a non -disclosureagreement was executed with the company on July20, 2022. From there on, the dialogue expanded to include several discussions and meetings involving APx’s senior management, including then Chief Executive Officer Dan Braatz, Chief Financial Officer Xavier Martinez and director Alfredo Vara, alongside financial and 122 legal advisors, focusing on due diligence activities concerning PG. Concurrently, APx and its Sponsor remained in pursuit of suitable business combination opportunities. This period included engagement with PG’s management, culminating in a letter of intent signed on September21, 2022, which outlined the framework for a business combination between APx and PG. The material terms of the letter of intent were as follows: •the transaction valued the target at $725 million to $750 million, •the terms included an earnout provision tied to specific milestone achievements, a six -monthlock -upperiod, and requirements for shareholder approval, and •an exclusivity period was established for 365 days, with an optional 90 -dayextension upon mutual agreement. Consequently, APx ceased negotiations with other potential partners. However, on or about September 5, 2023, PG withdrew from the business combination discussions citing adverse market conditions. • Insurance Broker: On January19, 2022, APx initiated discussions with an international insurance brokerage firm (“IB”) regarding a potential merger or acquisition. This engagement commenced with an introductory meeting to explore mutual interests, followed by the execution of a non -disclosureagreement on February3, 2022. Subsequently, APx engaged in multiple discussions and meetings involving senior executives, including then Chief Executive Officer Dan Braatz, Chief Financial Officer Xavier Martinez and director Alfredo Vara, as well as legal and financial advisors, to conduct due diligence on IB. Despite these efforts, IB informed APx on August18, 2022, that it would not proceed further due to prevailing macroeconomic