secwatch.observer — SEC 8-K summary
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Issuer:     APx Acquisition Corp. I (—)
CIK:        0001868573
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001213900-24-107122
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868573/000121390024107122/0001213900-24-107122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868573/000121390024107122/ea0224091-8k_apxacq1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-107122

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