Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 333

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 333
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 expenses. In addition, gains (but not losses) realized on the sale of a U.S. Holder’s Company Securities cannot be treated as capital gains, even if such securities are held as capital assets. Further, no portion of any distribution will be treated as qualified dividend income. If the Company is, or is treated as, a PFIC for any taxable year during which a U.S. Holder owns Company Securities and any entity in which the Company owns equity interests is also a PFIC (a “lower -tierPFIC”), the U.S. Holder will be deemed to own its proportionate amount (by value) of the shares of each lower -tierPFIC and will be subject to U.S. federal income tax according to the rules described above on (i) certain distributions by a lower -tierPFIC and (ii) dispositions of shares of lower -tierPFICs, in each case, as if the U.S. Holder held such shares directly, even though the U.S. Holder will not receive any proceeds of those distributions or dispositions. QEF Regime A valid QEF election is effective for the taxable year for which the election is made and all subsequent taxable years and may not be revoked without the consent of the IRS. If a U.S. Holder makes a timely QEF election with respect to its direct or indirect interest in a PFIC, the U.S. Holder will be required to include in income each year its allocable portion of the ordinary earnings and net capital gains of the PFIC as QEF income inclusions, even if such portion is not distributed to the U.S. Holder. Thus, the U.S. Holder may be required to report taxable income as a result of QEF income inclusions without corresponding receipts of cash. U.S. Holders of Company Securities should not expect that they will receive cash distributions from the Company sufficient to cover their respective U.S. tax liability with respect to such QEF income inclusions. In addition, U.S. Holders of Company Warrants will not be able to make a QEF election with respect to their Company Warrants. The timely QEF election also allows the electing U.S. Holder to: (i) generally treat any gain recognized on the disposition of its shares of the PFIC as capital gain; (ii) treat its share of the PFIC’s net capital gain, if any, as long -termcapital gain instead of ordinary income; and (iii) either avoid interest charges resulting from PFIC status, or make