APX corrects prior 8-K: sponsor kept 2.01M warrants, no CEO/CFO change, 5.8M shares outstanding

As approved by its shareholders at the EGM held on September 7, 2023, the following proposals were approved: (a) as a special resolution, giving the Company the right to extend the date by which it has to complete a business combination up to three (3) times for an additional one (1) month each time from September 9, 2023 to December 9, 2023 (the “ Extension Amendment Proposal ”); (b) as an ordinary resolution, an amendment to the Trust Agreement, to extend the Termination Date up to three (3) times for an additional one (1) month each time from September 9, 2023 to December 9, 2023 by depositing the lesser of $0.025 per Public Share or $125,000 into the Company’s Trust Account (the “ Trust Agreement Amendment Proposal ”); (c) as a special resolution, an amendment to the Articles of Association to expand the methods that the Company may employ to not become subject to the “penny stock” rules of the Securities and Exchange Commission by removing all limitations in connection with the Co

On September 7, 2023, as approved by its shareholders at an extraordinary general meeting held on September 7, 2023 (the “ EGM ”), APx Acquisition Corp. I (the “ Company ”), and its trustee, Continental Stock Transfer & Trust Company (the “ Trustee ”), signed an amendment (the “ Trust Agreement Amendment ”) to the investment management trust agreement dated as of September 7, 2021, to extend the time to complete a business combination (the “ Termination Date ”) up to three (3) times for an additional one (1) month each time (each, an “ Extension ”) from September 9, 2023 to December 9, 2023, as approved by the Company’s shareholders in accordance with the Company’s Amended and Restated Memorandum and Articles of Association, as amended (the “ Articles of Association ”), by depositing the lesser of $0.025 per public share or $125,000 (each such payment, an “ Extension Payment ”) for each one-month extension into the Company’s trust account (the “ Trust Account ”).

the Letter Agreement was amended by the parties thereto to allow for the Transfer with respect to the Founder Shares (the “ Letter Agreement Amendment ”)

On September 8, 2023, the Company entered into a purchase agreement (the “ Purchase Agreement ”) with the Company’s sponsor, APx Cap Sponsor Group I, LLC (the “ Sponsor ”) and Templar, LLC and its designees (the “ Purchaser ”), whereby the Sponsor shall transfer to the Purchaser 3,342,188 of the Company’s class B ordinary shares, $0.0001 par value (the “ Founder Shares ”) and 6,936,250 private placement warrants (the “ Placement Warrants ”) purchased at the time of the Company’s initial public offering (“ IPO ”) pursuant to a Private Placement Warrants Purchase Agreement, dated December 6, 2021.

the Purchaser signed a joinder agreement (the “ Joinder Agreement ”) to become a party to the Letter Agreement (the “ Letter Agreement ”) and the Registration Rights Agreement (“ Registration Rights Agreement ”), both dated December 6, 2021 and entered into in connection with the IPO, among the Company, the Sponsor and certain other shareholders of the Company

Shareholders approved the proposal to amend the Trust Agreement, as an ordinary resolution, to extend the Termination Date up to three (3) times for one (1) month each time from September 9, 2023 to December 9, 2023 by depositing the lesser of $0.025 per public share or $125,000 into the Company’s Trust Account for each Extension.

Shareholders approved the proposal to amend the Company’s Articles of Association as a special resolution, an amendment to the Articles of Association to expand the methods that the Company may employ to not become subject to the “penny stock” rules of the Securities and Exchange Commission by removing all limitations in connection with the Company having net tangible assets of at least $5,000,001.

Shareholders approved the proposal to amend the Company’s Articles of Association as a special resolution, an amendment to the Articles of Association to provide for the right of a holder of Class B Shares to convert such shares into Class A ordinary shares, par value $0.0001 of the Company prior to the closing of a business combination by the Company.

Shareholders approved the proposal to amend the Company’s Articles of Association as a special resolution, giving the Company the right to extend the date by which it has to complete a business combination up to three (3) times for one (1) month each time from September 9, 2023, the Termination Date, to December 9, 2023.