APx Acquisition Corp. I Class A (APXI) has released an update.
APX Acquisition Corp. I issued a $500,000 unsecured promissory note to Templar LLC, due upon the company’s initial business combination, with an option for conversion into warrants. The principal amount was later increased to $2,000,000, with additional uses including Extension Payments to Continental Stock Transfer & Trust Company. These financial instruments are designed to support the company’s working capital needs and are exempt from registration under securities law.
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