secwatch / observer
8-K filed February 27, 2023, 6:59 PM ET CIK 0001868573
other material confidence high sentiment neutral materiality 0.65

APx Acquisition Corp. I shareholders approve extension; $111M redeemed, ~$68M remains in trust

APx Acquisition Corp. I

item 1.01item 5.03item 5.07item 7.01item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

APx Acquisition Corp. I: Amended Articles of Association to change the payment required to extend the Combination Period by two three-month periods.

Change
charter amendment
Exact text from the filing
On the Meeting Date, the Company held the Extension Meeting in which the Company’s shareholders approved the Trust Agreement Amendment Proposal and the Extension Amendment Proposal to change the payment required to extend the Combination Period by two three-month periods. Upon the approval by the Company’s shareholders of the Extension Amendment Proposal, the Amended Articles of Association became effective.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

APx Acquisition Corp. I amended Trust Agreement Amendment with Continental Stock Transfer and Trust Company valued at the lesser of (a) $750,000 and (b) $0.125 for each Class A ordinary share then outstanding for each (effective 2023-02-27).

Action
amendment
Counterparty
Continental Stock Transfer and Trust Company
Value
the lesser of (a) $750,000 and (b) $0.125 for each Class A ordinary share then outstanding for each
Effective
2023-02-27
Exact text from the filing
On February 27, 2023 (the “Meeting Date”), the Company held an extraordinary general shareholders meeting (the “Extension Meeting”) in which the Company’s shareholders approved an amendment to the Investment Management Trust Agreement, dated December 6, 2021 (the “Trust Agreement Amendment” or the “Trust Agreement Amendment Proposal”) and the Company’s Amended and Restated Memorandum and Articles of Association (the “Amended Articles of Association” or the “Extension Amendment Proposal”) to change the payment required to extend the date by which the Company must consummate an initial business combination (the “Combination Period”) by two three-month periods. As amended, the required payments are the deposit by the Company into the trust account (the “Trust Account”) established in connection with the Company’s initial public offering (the “IPO”), of the lesser of (a) $750,000 and (b) $0.125 for each Class A ordinary share then outstanding (each, the “Adjusted Extension Payment”) for ea
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

APx Acquisition Corp. I shareholders approved Approval of the Adjournment Proposal to adjourn the Extension Meeting if necessary..

Outcome
passed
Exact text from the filing
The Adjournment Proposal For Against Abstain 15,039,715 2,094,820 0
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

APx Acquisition Corp. I shareholders approved Approval of the Extension Amendment Proposal to extend the date by which the Company must consummate a business combination..

Proposal
charter amendment
Outcome
passed
Exact text from the filing
The Extension Amendment Proposal For Against Abstain 15,044,090 2,090,445 0
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

APx Acquisition Corp. I shareholders approved Approval of the Trust Agreement Amendment Proposal to amend the trust agreement..

Outcome
passed
Exact text from the filing
The Trust Agreement Amendment Proposal For Against Abstain 15,044,090 2,090,445 0
View on SEC.gov

Browse all governance changes →

Source: SEC EDGAR
accession 0001193125-23-050956
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