secwatch.observer — SEC 8-K summary
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Issuer:     APx Acquisition Corp. I (—)
CIK:        0001868573
Form:       8-K
Filed at:   2023-09-13T23:59:59+00:00
Accession:  0001213900-23-076430
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.02, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APx Acquisition I extends deadline to Dec 9, 2023; new sponsor takes control, $8.25M redeemed
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- Shareholders approved three one-month extensions to complete a business combination, now until December 9, 2023.
- Sponsor APx Cap transferred 3.34M founder shares and 6.94M private placement warrants to Templar LLC for $1 plus up to $50k.
- Kyle Bransfield appointed CEO and Chairman; Daniel Braatz remains director. Xavier Martinez resigned as CFO.
- 757,463 public shares redeemed for ~$8.25M ($10.89/share), leaving ~$63.34M in trust account.
- IPO underwriters waived deferred underwriting discount; Sponsor retains 970,312 founder shares and 3.34M warrants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868573/000121390023076430/0001213900-23-076430-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868573/000121390023076430/ea185129-8k_apxacq1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-076430

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer