Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 267

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 267
---
ies to us as a matter of Cayman Islands law, we may have a claim against such individuals. However, we might not ultimately be successful
in any claim we may make against them for such reason.

29

We may engage in a business combination with one or more target
businesses that have relationships with entities that may be affiliated with our Sponsors, officers, directors, existing holders or funds
managed by certain of our affiliates which may raise potential conflicts of interest. 

In light of the involvement of our Sponsors,
officers and directors with other entities, we may decide to acquire one or more businesses affiliated with our Sponsors, officers, directors,
existing holders or funds managed by certain of our affiliates. Our directors also serve as officers and board members for other entities,
including, without limitation, those described under Item 10-”Directors, Executive Officers and Corporate Governance-Conflicts
of Interest.” Such entities may compete with us for business combination opportunities. Our Sponsors, officers and directors are
not currently aware of any specific opportunities for us to complete our initial business combination with any entities with which they
are affiliated, and there have been no substantive discussions concerning a business combination with any such entity or entities. Although
we will not be specifically focusing on, or targeting, any transaction with any affiliated entities, we would pursue such a transaction
if we determined that such affiliated entity met our criteria for a business combination as set forth in “Proposed Business-Effecting
Our Initial Business Combination-Evaluation of a Target Business and Structuring of Our Initial Business Combination” and such
transaction was approved by a majority of our independent and disinterested directors. Despite our agreement to obtain an opinion from
an independent investment banking firm which is a member of FINRA or a valuation or appraisal firm regarding the fairness to our company
from a financial point of view of a business combination with one or more domestic or international businesses affiliated with our Sponsors,
officers, directors, existing holders or funds managed by certain of our affiliates, potential conflicts of interest still may exist
and, as a result, the terms of the business combination may not be as advantageous to our public shareholders as they would be absent
any conflicts of interest.

Certain members of our board of directors and management team
may be involved in and have a greater financial interest in the performance of other entities affiliated with our Sponsors, and such
activities may create conflicts of interest in making decisions on our behalf. 

Certain of our directors and members of our management