Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 415

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 415
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 a bankruptcy petition or winding-up petition or an involuntary bankruptcy
petition is filed against us that is not dismissed, the claims of creditors in such proceeding may have priority over the claims of our
shareholders and the per-share amount that would otherwise be received by our shareholders in connection with our liquidation may be
reduced;

●impact of future pandemics
and related risks;

●if we effect our initial business
combination with a company or companies with operations or opportunities outside of the United States, including the Proposed Business
Combination, we would be subject to a variety of additional risks that may negatively impact our operations;

●changes in laws or regulations,
or a failure to comply with any laws and regulations, tax consequences to business combinations may adversely affect our business, investments
and results of operations; and

●In the past, we have identified
material weaknesses related to errors in warrant liabilities, errors in proper accounting of related party gains, classification of temporary
and permanent equity, classification error in statement of cash flows, accuracy and completeness of accounts payable and accrued expenses,
accrued interest receivable and redemption value of ordinary shares subject to redemption, and if we are unable to maintain an effective
system of disclosure controls and procedures and internal control over financial reporting, we may not be able to accurately report our
financial results in a timely manner, which may adversely affect investor confidence in us and materially and adversely affect our business
and financial results.

iv

PART I 

References in this report to “we,”
“us” or the “Company” refer to APx Acquisition Corp. I. References to our “management” or our “management
team” refer to our officers and directors, and references to the “APx Sponsor” refer to APx Cap Sponsor Group I, LLC,
a Cayman Islands limited liability company. References to “Templar Sponsor” refer to Templar, LLC. References to “Sponsors”
refer to, collectively, APx Sponsor and Templar Sponsor. References to our “initial shareholders” refer to the holders of
Founder Shares.

ITEM 1. BUSINESS. 

Introduction 

We are a blank check company incorporated on May
13, 2021 as a Cayman Islands exempted company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more businesses or entities (the “initial business combination”).
We will not be limited to a particular industry or geographic region in our identification and acquisition of