Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 155

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 155
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 the total equity proceeds, and interest thereon, available for the funding of the Business Combination on the date of the consummation of the Business Combination (net of redemptions), and (iii) the market value of Company Shares is below $9.20 per share, then the exercise price of the Company Warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the market value and the newly issued price, and the $18.00 per share redemption trigger prices will be adjusted (to the nearest cent) to be equal to 180% of the higher of the market value and the newly issued price. Prior to the consummation of the Business Combination, we will likely need to raise additional capital. While no definitive documentation has been signed with respect to such additional financing arrangements, such additional financing arrangements may trigger an adjustment of the exercise price of the Company Warrants pursuant to the circumstances described in the preceding paragraph. If the exercise price of the Company Warrants is adjusted downward, it may be more likely that the Company Warrants will be exercised. Any exercise of the Company Warrants would lead to further dilution to holders of Company Shares. The Company may lose its foreign private issuer status, which would then require the Company to comply with the Exchange Act’s domestic reporting regime and cause the Company to incur significant legal, accounting and other expenses. The determination of foreign private issuer status is made annually on the last business day of an issuer’s most recently completed second fiscal quarter. In order to maintain its current status as a foreign private issuer, either (a) more than 50% the outstanding shares of the Company must 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