Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 2427

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 16
Chunk 2427
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3, the Company entered into
a purchase agreement (the “Purchase Agreement”) with the Company’s sponsor, APx Cap Sponsor Group I, LLC (the “Sponsor”)
and Templar, LLC and its designees (the “Purchaser”), whereby the Sponsor transferred to the Purchaser, in exchange for $1.00
plus the Purchaser’s agreement to advance up to $50,000 to pay for expenses related to Company’s Exchange Act filing obligations,
3,342,188 of the Company’s Class B ordinary shares, $0.0001 par value (the “Founder Shares”) and 6,936,250 private
placement warrants (the “Placement Warrants”) purchased at the time of the Company’s initial public offering (“IPO”)
pursuant to a Private Placement Warrants Purchase Agreement, dated December 6, 2021. The Sponsor retained 970,312 Founder Shares and
2,013,750 Private Placement Warrants. The transfer of Founder Shares and Private Placement Warrants to the Purchaser pursuant to the
Purchase Agreement is referred to as the “Transfer,” which closed on September 8. 2023. The Transfer and all transactions
consummated in connection there with are referred to as the “Sponsor Alliance Transaction.” 

On March 21, 2024, in connection with the transfer
by Templar LLC of 800,000 Class A ordinary shares of the Company to its wholly owned subsidiary, Templar Subco LLC (“Templar Subco”),
Templar Subco entered into a joinder agreement with the Company (the “Joinder Agreement”) to become a party to the Letter
Agreement and the Registration Rights Agreement, both dated December 6, 2021 and entered into in connection with the Company’s
initial public offering. 

F-9

Upon the closing of the Initial Public Offering,
an amount of $175,950,000 from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement
Units was placed in a trust account (the “Trust Account”) located in the United States and will be invested only in U.S.
government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment
Company Act”), with a maturity of 185 days or less or in any open-ended investment company that holds itself out as a money market
fund selected by