Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 198

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 198
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 evaluating the risks of penny stock transactions; (iii) provide the investor with a written statement setting forth the basis on which the broker -dealermade the determination in (ii) above; and (iv) receive a signed and dated copy of such statement from the investor, confirming that it accurately reflects the investor’s financial situation, investment experience and investment objectives. The regulations applicable to penny stocks may severely affect the market liquidity for our ordinary shares and could limit the ability of shareholders to sell our ordinary shares in the secondary market. Following the delisting by Nasdaq, if we are not able to relist our securities on Nasdaq following the Closing of the Business Combination or on another national securities exchange, such securities may continue to be quoted on an over -the -countermarket. However, if this were to occur, our investors would likely face significant and material adverse consequences with respect to their investment in us, including, but not limited: •a limited availability of market quotations for our securities; •reduced liquidity for our securities; •as discussed above, a determination that our ordinary shares are “penny stock”, which will require brokers trading in such ordinary shares to adhere to more stringent rules and which likely would serve as an additional factor that may reduce the trading activity in the secondary trading market for our securities; •a limited amount of news and analyst coverage with respect to our securities; and •a decreased ability to issue additional securities or obtain additional financing in the future, which may adversely impact our efforts to consummate a Business Combination and otherwise continue its operations. As a result, an investor would likely find it more difficult to trade, or to obtain accurate price quotations for, our securities following our delisting from Nasdaq. Delisting would likely also reduce the visibility, liquidity and value of our securities, including as a result of reduced institutional investor interest in us, and may increase the volatility of our securities. Delisting could also cause a loss of confidence of potential business combination partners, which could further harm our ability to consummate a business combination. Additionally, following our delisting from Nasdaq, because we will no longer be required to comply with Nasdaq’s continued listing standards, our investors will not enjoy the protections afforded to investors by listed companies’ compliance with such standards. An additional potential negative consequence of delisting from the Nasdaq is that such delisting would likely lead to our securities losing their status as “covered securities.” The National Securities Markets Improvement Act of 1996, which is a federal statute, prevents or preempts the states