Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 145

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 145
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 be either directly or indirectly owned of record by non -residentsof the United States or (b)(1) a majority of the Company’s executive officers or directors must not be U.S. citizens or residents; (2) more than 50% of the Company’s assets must be located outside of the United States; and (3) the Company’s business must be administered principally outside the United States. If the Company loses this status, the Company would be required to comply with the Exchange Act reporting and other requirements applicable to U.S. domestic issuers, which are more detailed and extensive than the requirements for foreign private issuers. The Company may also be required to make changes in its corporate governance practices in accordance with various SEC and Nasdaq rules. The regulatory and compliance costs to the Company under U.S. securities law if it is required to comply with the reporting requirements applicable to a U.S. domestic issuer may be significantly higher than the costs the Company will incur as a foreign private issuer. Our management team has limited experience managing a public company. Most members of our management team have limited experience managing a publicly traded company, interacting with public company investors and complying with the increasingly complex laws pertaining to public companies in the United States. Our management team may not successfully or efficiently manage our operations as a public company subject to significant regulatory oversight and reporting obligations under the U.S. federal securities law and the continuous scrutiny of securities analysts and investors. These obligations and constituents require significant attention from our senior management and could divert their attention away from the day -to -daymanagement of our business, which could adversely affect our business, financial condition, results of operations and prospects. 52 Moreover, our finance team has limited experience in operating the finances of a publicly traded company. If we are unable to develop our finance organization capability, it could adversely affect our business, financial condition, results of operations and prospects. The development and implementation of the standards and controls necessary for the Company to achieve the level of accounting standards required of a public company in the U.S. may require costs greater than expected. It is possible that the Company will be required to expand its employee base and hire additional employees to support its operations as a public company, which will increase its operating costs in future periods. If our operating and financial performance in any given period does not meet or exceed the guidance that we provide to the public, the market price of the Company Shares may decline. We may, but are not obligated to, provide public guidance on our expected operating and financial results for future periods.