Company: APXIF
Filing Date: 2025-06-11
Form Type: 10-Q
Source: 0001213900-25-053185
Chunk: 38

Company: APx Acquisition Corp. I
Filing Date: 2025-06-11
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 Market Value and the Newly Issued Price.

The Private Placement
Warrants will be identical to the Public Warrants included in the Units being sold in the Initial Public Offering, except that the Private
Placement Warrants will not and the ordinary shares issuable upon the exercise of the Private Placement Warrants will not be transferable,
assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally,
the Private Placement Warrants will be exercisable on a cashless basis and will be non-redeemable so long as they are held by the initial
purchasers or their permitted transferees. If the Private Placement Warrants are held by someone other than the initial purchasers or
their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same
basis as the Public Warrants.

NOTE 9. SHAREHOLDERS’ DEFICIT

Preferred Shares

The Company is authorized
to issue 1,000,000 shares of $0.0001 par value preferred shares. As of March 31, 2025 and December 31, 2024, there were no preferred shares
issued or outstanding.

Class A Ordinary
shares – The Company is authorized to issue 200,000,000 shares of $0.0001 par value Class A shares. At March 31, 2025
and December 31, 2024, there were 4,312,500 shares issued and outstanding (excluding 520,056 shares subject to possible redemption).

Class B Ordinary
shares - The Company is authorized to issue up to 20,000,000 shares of Class B shares, $0.0001 par value ordinary shares.
Holders of the Company’s ordinary shares are entitled to one vote for each share. At March 31, 2025 and December 31, 2024, there
were zero Class B ordinary shares issued and outstanding.

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The shares of
Class B ordinary shares will automatically convert into shares of Class A ordinary shares at the time of the Business
Combination on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and
the like. In the case that additional shares of Class A ordinary shares, or equity linked securities, are issued or deemed
issued in excess of the amounts offered in the Initial Public Offering and related to