Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 268

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 268
---
team may be subject to a variety of conflicts of interest relating to their responsibilities to our Sponsor and its other affiliates.
Such individuals may serve as members of management or a board of directors (or in similar such capacity) to various other affiliated
entities. Such positions may create a conflict between the advice and investment opportunities provided to such entities and the responsibilities
owed to us. The other entities in which such individuals may become involved may have investment objectives that overlap with ours. Furthermore,
certain of our principals and employees may have a greater financial interest in the performance of such other affiliated entities than
our performance. Such involvement may create conflicts of interest in sourcing investment opportunities on our behalf and on behalf of
such other entities.

Risks Relating to Our Securities 

You will not have any rights or interests in funds from the
Trust Account, except under certain limited circumstances. Therefore, to liquidate your investment, you may be forced to sell your public
shares or warrants, potentially at a loss. 

Our public shareholders will be entitled to receive
funds from the Trust Account only upon the earliest to occur of: (i) our completion of an initial business combination, and then only
in connection with those Class A ordinary shares that such shareholder properly elected to redeem, subject to the limitations and on
the conditions described herein, (ii) the redemption of any public shares properly submitted in connection with a shareholder vote to
amend our Articles (A) to modify the substance or timing of our obligation to allow redemption in connection with our initial business
combination or to redeem 100% of our public shares if we do not complete our initial business combination within the Combination Period
or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial business combination activity,
and (iii) the redemption of our public shares if we have not completed an initial business combination within the Combination Period,
subject to applicable law and as further described herein. In no other circumstances will a public shareholder have any right or interest
of any kind in the Trust Account. Holders of warrants will not have any right to the funds held in the Trust Account. Accordingly, to
liquidate your investment, you may be forced to sell your public shares or warrants, potentially at a loss.

30

Trading in our securities is currently suspended on Nasdaq as
a result of a delisting determination we received in connection with our failure to comply with certain continued listing standards by
December 6, 2024, which was the deadline Nasdaq had