4//SEC Filing
APx Cap Sponsor Group I, LLC 4
Accession 0000950170-24-011899
CIK 0001868573other
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 9:31 PM ET
Size
12.7 KB
Accession
0000950170-24-011899
Insider Transaction Report
Form 4
APx Cap Sponsor Group I, LLC
10% Owner
Transactions
- Sale
Class B ordinary shares
2023-09-08−3,342,188→ 970,312 total→ Class A ordinary shares (3,342,188 underlying) - Conversion
Class A ordinary shares
2023-10-02+970,312→ 970,312 total - Conversion
Class B ordinary shares
2023-10-02−970,312→ 0 total→ Class A ordinary shares (970,312 underlying)
APx Cap Holdings I, LLC
10% Owner
Transactions
- Conversion
Class B ordinary shares
2023-10-02−970,312→ 0 total→ Class A ordinary shares (970,312 underlying) - Sale
Class B ordinary shares
2023-09-08−3,342,188→ 970,312 total→ Class A ordinary shares (3,342,188 underlying) - Conversion
Class A ordinary shares
2023-10-02+970,312→ 970,312 total
Footnotes (3)
- [F1]The Class B ordinary shares will automatically convert into Class A ordinary shares on a one-for-one basis for no additional consideration or concurrently with or immediately following the consummation of the initial business combination by the Issuer, or may be converted at the election of the holder, on a one-for-one basis, subject to the adjustments described in the Issuer's prospectus on Form S-1 filed on November 19, 2021 (the "Prospectus"). The Class B ordinary shares have no expiration date. On October 2, 2023, APx Cap Sponsor Group I, LLC converted all Class B ordinary shares it holds into Class A ordinary shares.
- [F2]APx Cap Sponsor Group I, LLC, a Cayman Islands limited liability company, is the record holder of such shares and is controlled by its managing member, APx Cap Holdings I, LLC. APx Cap Holdings I, LLC's board of directors consists of three members. Each director of APx Cap Holdings I, LLC has one vote, and the approval of the members of the board of directors is required to approve an action of APx Cap Holdings I, LLC. Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by two or more individuals, and a voting and dispositive decision requires the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity's securities.
- [F3]This is the situation with regard to APx Cap Holdings I, LLC. Accordingly, no individual manager of APx Cap Holdings I, LLC exercises voting or dispositive control over any of the securities held by APx Cap Holdings I, LLC even those in which he directly holds a pecuniary interest. Accordingly, none of them are deemed to have or share beneficial ownership of such shares and, for the avoidance of doubt, each expressly disclaims any such beneficial interest to the extent of any pecuniary interest he may have therein, directly or indirectly.
Documents
Issuer
APx Acquisition Corp. I
CIK 0001868573
Entity typeother
Related Parties
1- filerCIK 0001894262
Filing Metadata
- Form type
- 4
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 9:31 PM ET
- Size
- 12.7 KB