Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 53

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 53
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 renounces its interest in any corporate opportunity offered to any director or officer unless such opportunity is expressly offered to such person solely in his or her capacity as a director or officer of APx and such opportunity is one APx is legally and contractually permitted to undertake and would otherwise be reasonable for APx to pursue, and to the xvi extent the director or officer is permitted to refer that opportunity to APx without violating another legal obligation. Notwithstanding such provision, APx believes that such provision did not impact APx’s search for a business combination target; •the Initial Shareholders can earn a positive rate of return on their investment in APx, even if other shareholder of APx experience a negative rate of return in their investment in the Company; and •at the Closing, the Company, Parent, APx, the Initial Shareholders, certain equity and other interest -holdersof Parent, prior to the Closing will enter into the Registration Rights Agreement, under which the Company will agree to register for resale certain Company Shares, Company Warrants and other equity securities of Company that are held by the parties thereto from time to time and the parties thereto will be provided with customary demand and piggyback registration rights. As a result of the foregoing interests, the Initial Shareholders will benefit from the completion of the Business Combination and may be incentivized to complete an acquisition of a less favorable target company or on terms that would be less favorable to APx’s other securityholders. The APx Board was aware of and considered these interests, among other matters, in approving the Business Combination Agreement and the Business Combination, and in determining to recommend that the shareholders of APx vote in favor of the Business Combination Agreement and the Business Combination. Please also see the sections “ Certain Relationships and Related Party Transactions,” “ Executive Compensation” and “ Security Ownership of Certain Beneficial Owners and Management” for more information on the interests and relationships of our Initial Shareholders, current officers and directors, and the Company’s current shareholders. Q:What happens to the funds deposited in the Trust Account after consummation of the Business Combination? A:Upon the completion of the IPO, a total of $175,950,000 was placed in a Trust Account maintained by Continental Stock Transfer & Trust Company, acting as trustee. As of June 30, 2024 and September 30, 2024, and following the December 2024 EGM, there were investments and cash held in the Trust Account of $64,679,869, $65,902,