Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 13

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 13
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 $1,000,000; and on March25, 2024 to increase the credit line to $2,000,000. On March25, 2024, the parties entered into a fourth amendment to the Sponsor Loan Agreement, pursuant to which certain commercial conditions were amended, including the placement of a legend on 700,000 SPAC Ordinary Shares owned by the Sponsor and changes to the maturity date. The Sponsor Loan Agreement accrues interest at 11% per annum and matures either on the first, second or third anniversary of the closing of the Business Combination, according to certain thresholds related to the volume weighted average price of Company Shares on such dates. On November9, 2023, the rights and obligations of Mr. Bransfield under the Sponsor Loan Agreement were transferred to the Sponsor and the Sponsor assumed such rights and obligations. The Sponsor Loan accrues interest at 11% per annum and matures on February17, 2025. As of December29, 2024, $2,000,000 has been drawn under the Sponsor Loan Agreement, of which $1,731,460 has been lent onward from the Sponsor to APx under the Amended and Restated Note. If APx does not complete an initial business combination, it is unlikely that Sponsor will recover funds drawn by APx under the Amended and Restated Note and, as a result, such funds will not be available to repay amounts drawn under the Sponsor Loan Agreement; •on August26, 2024, APx issued an unsecured promissory note in the principal amount of $446,000 to Bioceres LLC (“Bioceres”), an indirect shareholder of the Company, and on November7, 2024, APx issued an unsecured promissory note in the principal amount of $700,000 to Bioceres LLC (collectively, the “BC Promissory Notes”). The BC Promissory Notes accrue interest at 20% per annum. APx shall repay all interested accrued and the principal balance on the date on which it consummates its initial business combination. As of December29, 2024, $461,913 has been drawn under the BC Promissory Notes. If APx does not complete an initial business combination, it is unlikely that Bioceres will recover funds drawn by APx under the BC Promissory Notes. Conversely, if the Business Combination closes, APx will repay the BC Promissory Notes to Bioceres; •on November7,