APx Acquisition Corp. I extends deadline to Dec 2025; 5.08M shares redeemed, trust drops to $6.23M

APx Acquisition Corp. I

Shareholders approved extension of combination period from Dec 9, 2024 to Dec 9, 2025 (48 months from IPO).
NTA redemption limitation eliminated, allowing business combination even if net tangible assets fall below $5M.
5,077,568 public shares tendered for redemption (~99% of public float), leaving only 520,056 public shares.
$60.86M (≈$11.99/share) removed from trust account, reducing trust balance to $6.23M.
Extension and charter amendments approved at Dec 4, 2024 EGM with 82.45% FOR each proposal.

item 1.01 item 5.03 item 5.07 item 8.01 item 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 extend combination period to December 9, 2025 and eliminate net tangible asset limitation (effective 2024-12-04).

Change: charter amendment
Effective: 2024-12-04

Exact text from the filing

As approved by its shareholders at the EGM held on December 4, 2024, the following proposals were approved: (a) as a special resolution, giving the Company the right to extend the date by which it has to consummate a business combination (the “ Combination Period ”) to December 9, 2025 (as extended, the “ Extended Date ”) (i.e., for a period of time ending 48 months after the consummation of its initial public offering (the “ IPO ”)) (the “ Extension Amendment Proposal ”); (b) as an ordinary resolution, an amendment to extend the Combination Period to the Extended Date (the “ Trust Agreement Amendment Proposal ”); and (c) eliminate (i) the limitation that the Company shall not redeem the Class A Ordinary Shares to the extent that such redemption would result in the Company’s failure to have net tangible assets of at least $5,000,001, upon consummation of the Company’s initial business combination (the “ Redemption Limitation ”), and (ii) the requirement that the Company shall not consu

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Source: SEC EDGAR

accession 0001213900-24-107122

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