Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On August 23, 2022, APx Acquisition Corp. I (the "Company") received a written
notice (the "Notice") from the Listing Qualifications Department of the Nasdaq
Stock Market ("NASDAQ") indicating that the Company was not in compliance with
Listing Rule 5250(c)(1) because the Company had failed to timely file its
Quarterly Report on Form 10-Q for the period ended June 30, 2022 (the
"Delinquent Report").
The Notice stated that the Company has until October 24, 2022 to submit a plan
to regain compliance with respect to the filing of the Delinquent Report. If
NASDAQ accepts the Company's plan, it has the discretion to grant the Company an
extension of up to 180 calendar days from the due date of the Delinquent Report,
or until February 20, 2023, to regain compliance.
The Company is continuing to work diligently to complete the Delinquent Report
and certain other amended reports, as previously disclosed in its Current Report
on Form 8-K filed with the Securities and Exchange Commission on August 19,
2022. If the Company is unable to file the Delinquent Report by October 24,
2022, it intends to file a plan to regain compliance with NASDAQ. This
notification has no immediate effect on the listing of the Company's shares on
NASDAQ. There can be no assurance, however, that the Company will be able to
regain compliance with the listing requirements discussed above or otherwise
satisfy the other NASDAQ listing criteria.
Item 8.01. Other Events.
On August 25, 2022, the Company issued a press release announcing its receipt of
the Notice. A copy of the press release is attached hereto as Exhibit 99.1 and
is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit Description
99.1 Press release
104 Cover Page Interactive Date File, formatted in Inline XBRL (contained
in Exhibit 101)
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses