Company: APXIF
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065703
Chunk: 225

Company: APx Acquisition Corp. I
Filing Date: 2025-07-18
Form: F-4/A
Chunk 225
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 upon exercise of the APx Warrants is effective and a current prospectus relating to those ordinary shares is available throughout the 30 -dayredemption period, except if the APx Warrants may be exercised on a cashless basis and such cashless exercise is exempt from registration under the Securities Act. If and when the APx Warrants become redeemable by APx, APx may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws. Redemption of the outstanding APx Warrants could force you to (i) exercise your APx Warrants and pay the exercise price therefor at a time when it may be disadvantageous for you to do so, (ii) sell your APx Warrants at the then -currentmarket price when you might otherwise wish to hold your APx Warrants or (iii) accept the nominal redemption price which, at the time the outstanding APx Warrants are called for redemption, is likely to be substantially less than the market value of your APx Warrants. The holders of Public Warrants, regardless of whether they redeem Public Shares, would retain 8,625,000 Public Warrants, which will become Company Warrants, with a market value of approximately $517,500 based on the closing price of $0.06 per Public Warrant on November4, 2024, the last reported trading date of the Public Warrants. Because the Public Warrants will remain outstanding and become Company Warrants regardless of the level of redemptions of Public Shares, as redemptions of Public Shares increase, the holders of Company Warrants who exercise such warrants will ultimately own a greater interest in the Company because there would be fewer Company Shares outstanding overall. APx has no contractual obligation to notify warrant holders that the APx Warrants have become eligible for redemption and do not intend to so notify upon eligibility of the APx Warrants for redemption, unless and until APx elects to redeem such APx Warrants pursuant to the terms of the SPAC Warrant Agreement. Pursuant to the terms of the SPAC Warrant Agreement, if APx elects to redeem all of the redeemable APx Warrants as described above, APx will fix a date for the redemption (the “Redemption Date”) and will mail the notice of redemption by first class mail, postage prepaid, not less than 30 days prior to the Redemption Date to the registered holders of the APx Warrants to be redeemed at their