Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 320

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 320
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 (ii)Sponsor shall pay or cause to be paid, (a) all unpaid SPAC Transaction Expenses in excess of the applicable SPAC Transaction Expenses Cap, (b) any expenses incurred by SPAC in its pursuit of potential acquisition or business targets other than the Company or that were not incurred by SPAC in connection with or in furtherance of the Transactions and (c) all fees and expenses incurred by SPAC solely relating to the extension proposals approved by SPAC Shareholders on February 27, 2023, September 7, 2023 and December 8, 2023, which extended the date by which SPAC must consummate a Business Combination. Vote Required for Approval The Business Combination Proposal will be approved and adopted only if the holders of a majority of the outstanding SPAC Ordinary Shares entitled to vote thereon at the special meeting vote “FOR” the Business Combination Proposal. If SPAC Shareholders fail to approve the Business Combination Proposal, the Business Combination will not occur. The Business Combination Proposal is conditioned on the approval of the Cayman Merger Proposal. Therefore, if the Cayman Merger Proposal is not approved, the Business Combination Proposal will have no effect, even if approved by SPAC Shareholders. Recommendation of the APx Board APx’S BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS VOTE “FOR” THE APPROVAL OF PROPOSAL 1 (THE BUSINESS COMBINATION PROPOSAL). 154 Certain Agreements Related to the Business Combination Backstop Agreement Concurrently with the execution of the Business Combination Agreement, Theo, SPAC and the Company entered into the Backstop Agreement, pursuant to which, among other things, subject to and conditioned upon the occurrence of the Closing, Theo shall be obligated to obtain the amount (if any) by which $10,000,000 exceeds the aggregate amount of cash on deposit in the Trust Account (including any interest earned on the funds held in the Trust Account) that will remain after payment in full of the SPAC Shareholder Redemption Amount to SPAC Shareholders pursuant to their exercise of the SPAC Shareholder Redemption Right (assuming no SPAC Transaction Expenses have been paid from the Trust Account), and the aggregate amount of cash at the Company or SPAC in connection with any PIPE Investment (the “Backstop Amount”) for the benefit of the Company and SPAC on the Closing Date, by one or more of the following methods: (i) making on the Closing Date, directly or indirectly,