{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-030417","form_type":"8-K","ticker":null,"cik":"0001868573","company_name":"APx Acquisition Corp. I","filed_at":"2024-02-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.164876+00:00","generated_at":"2026-06-06T04:29:30.598005+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"APX Acquisition Corp. I increases promissory note capacity to $2M for working capital and extension payments.","bullets":["On Feb 9, 2024, amended note increased maximum draw from $500K to $2M with Templar LLC.","Up to $1.5M of principal can convert into private warrants at $1.00 per warrant on business combination.","Note is non-interest bearing, payable at business combination; if deal fails, loan is forgiven.","Funds may be used for working capital and extension payments to Continental Stock Transfer (extension fees).","This is the second promissory note expansion, indicating ongoing cash needs to extend SPAC timeline."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-030417","json":"https://secwatch.observer/filing/0001193125-24-030417.json","markdown":"https://secwatch.observer/filing/0001193125-24-030417.md","text":"https://secwatch.observer/filing/0001193125-24-030417.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1868573/000119312524030417/0001193125-24-030417-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1868573/000119312524030417/d762789d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T04:29:30.598005+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3c5b95d079456f314de1a36b96d05d328bbd0ffd","claim":"APx Acquisition Corp. I incurred loan of $500,000 with Templar LLC maturing the date on which the Company consummates its initial business combination.","evidence_excerpt":"On September 8, 2023, APX Acquisition Corp. I (the “Company”) issued an unsecured promissory note (the “Note”) in the principal amount of $500,000 to Templar LLC (“Templar”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1868573/000119312524030417/0001193125-24-030417-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$500,000"},{"label":"Counterparty","value":"Templar LLC"},{"label":"Maturity","value":"the date on which the Company consummates its initial business combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"cc9ead6b2e6306e03a65d2f31e367b4b4303f296","claim":"APx Acquisition Corp. I amended debt of $2,000,000 with Templar LLC.","evidence_excerpt":"On February 9, 2024, the Company and Templar amended and restated the Note (the “Amended and Restated Note”), to increase the maximum principal amount from $500,000 to $2,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1868573/000119312524030417/0001193125-24-030417-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$2,000,000"},{"label":"Counterparty","value":"Templar LLC"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}