Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 290

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 290
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 APx’s management team, Sponsor group and its advisors. • Negotiated Transaction. The financial and other terms of the Business Combination Agreement are reasonable, based on the experience of APx’s management team which has extensive experience in transactions involving special purpose acquisition companies, as assisted by its legal and other advisors, do not include a cash closing condition, and are the product of arm’s -lengthnegotiations between the parties thereto. The APx Board also considered a variety of uncertainties and risk and other potentially negative factors concerning the Business Combination including, but not limited to, the following: • Benefits May Not Be Achieved. The risk that the potential benefits of the Business Combination may not be fully achieved or may not be achieved within the expected timeframe; • Redemption Risk. The risk that a significant number of APx’s shareholders may elect to redeem their shares prior to the consummation of the Business Combination pursuant to the Existing Governing Documents; • APx Shareholders Receiving a Minority Position. The fact that APx’s shareholders will hold a minority position in Holdco; • Fees and Expenses. The significant fees and expenses associated with completing the Business Combination and the substantial time and effort of APx’s management required to complete the Business Combination; 133

• No Third -Party Fairness Opinion. The risk that APx did not obtain a fairness opinion in determining whether to proceed with the Business Combination; • Readiness to be a Public Company. As the Company has previously been a private company and the majority of their executives and employees are located outside the United States, the Company may not have all the different types of employees necessary for it to timely and accurately prepare reports for filing with the SEC. There is a risk that the Company will not be able to hire the right people to fill in these gaps by the time of the Closing or that additional issues could arise after the Closing due to its failure to have hired these people in advance of Closing; and • Other Risk Factors. Various other risk factors associated with the Company’s business, as described in the section entitled “ Risk Factors” appearing elsewhere in this document. After considering the foregoing, the APx Board concluded, in its business judgment, that the potential benefits to APx and APx’s shareholders relating to the Business Combination outweighed the potentially negative factors and risks relating to the Business Combination. Prior SPAC Experience of the Sponsor, the Initial Sponsor and Officers and Directors APx’s Sponsor, Initial Sponsor and officers and directors have extensive experience in capital markets transactions, mergers and acquisitions and