Company: APXIF
Filing Date: 2025-07-03
Form Type: F-4/A
Source: 0001213900-25-061545
Chunk: 335

Company: APx Acquisition Corp. I
Filing Date: 2025-07-03
Form: F-4/A
Chunk 335
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 to the extent paid from APx’s current or accumulated earnings and profits, as determined under U.S. federal income tax principles. Distributions in excess of APx’s current and accumulated earnings and profits will constitute a return of capital that will be applied against and reduce (but not below zero) the U.S. Holder’s adjusted tax basis in its Public Shares. Any remaining excess will be treated as gain realized on the sale or other disposition of the Public Shares and will be treated as described above under “ — Taxation of Sale or Exchange.” However, it is not expected that the Company will maintain calculations of its earnings and profits in accordance with U.S. federal income tax principles. U.S. Holders should therefore assume that to the extent that a Redemption is taxed as a distribution for U.S. federal income tax purposes, such distribution by the Company will be subject to taxation as dividend income. U.S. Holders should consult their own tax advisors with respect to the appropriate U.S. federal income tax treatment of any distribution received from the Company. Amounts treated as dividends that APx pays to a U.S. Holder that is a taxable corporation generally will be taxed at regular rates and will not qualify for the dividends received deduction generally allowed to domestic corporations in respect of dividends received from other domestic corporations. With respect to non -corporateU.S. Holders, under tax laws currently in effect and subject to certain exceptions (including, but not limited to, dividends treated as investment income for purposes of investment interest deduction limitations), dividends generally will be taxed at the lower 163 applicable long -termcapital gains rate only if the Public Shares are readily tradable on an established securities market in the United States, APx is not treated as a PFIC at the time the dividend was paid or in the preceding year and provided certain holding period requirements are met. Because APx believes that it has been a PFIC since its first taxable year and that it will be a PFIC for its current taxable year (as discussed below under “ PFIC Rules”), dividends that APx pays to a non -corporateU.S. Holder will not constitute “qualified dividends” that would be taxable at a reduced rate. Tax Consequences of the Merger In General It is intended that the Merger, taken together with certain related transactions, will constitute an integrated transaction that qualifies under Section 351(a) of the Code (the “Intended Tax Treatment”). The parties to the Business Combination Agreement have agreed to report the Merger, together with certain related transactions,