Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 192

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 192
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 increase the likelihood that we will receive the requisite shareholder approval for the Cayman Merger Proposal and Charter Amendment Proposal. If all Founders Shares are voted in favor of the Cayman Merger Proposal and Charter Amendment Proposal, none of the 520,056 Public Shares outstanding need to be voted in favor of the Cayman Merger Proposal and the Charter Amendment Proposal (assuming all outstanding shares are voted) in order to have the Cayman Merger Proposal and the Charter Amendment Proposal approved, assuming all shares are voted. Accordingly, the agreement by the Initial Shareholders to vote in favor of the Business Combination increases the likelihood that APx will receive the requisite shareholder approval for the Business Combination. If the conditions to the Business Combination Agreement are not met, the Business Combination may not be completed. Even if the Business Combination Agreement is approved by APx’s shareholders, specified conditions must be satisfied or waived before the parties to the Business Combination Agreement are obligated to complete the Business Combination. For a list of the material closing conditions contained in the Business Combination Agreement, see the section entitled “ The Business Combination Agreement — Conditions to Closing” of this proxy statement/prospectus. The parties to the Business Combination Agreement may not satisfy all of the closing conditions in the Business Combination Agreement. If the closing conditions are not satisfied or waived, the Business Combination will not be completed, or will be delayed pending later satisfaction or waiver, and such delay may cause the parties to the Business Combination Agreement and their respective shareholders to each lose some or all of the intended benefits of the Business Combination. APx may not be able to complete the Business Combination by the Extended Date, in which case APx would cease all operations except for the purpose of winding up and APx would redeem its Public Shares and liquidate. APx may not be able to complete the Business Combination by the date provided by the Existing Governing Documents. APx’s ability to complete the Business Combination may be negatively impacted by general market conditions, volatility in the capital and debt markets and the other risks described herein. If APx has not completed the Business Combination or another initial business combination within such time period, APx will: (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than 10 business days thereafter, redeem the Public Shares, at a per -shareprice, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account (which interest shall be net of taxes