Shearman & Sterling advised the underwriters on the initial public offering of APx Acquisition Corp. I, a special purpose acquisition company (SPAC), of 17.25 million units at an offering price of $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant.
APx Acquisition Corp. I is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company intends to seek a business combination with a technology-enabled Latin American company. The company is led by Daniel Braatz (Chief Executive Officer and Chairman) and Xavier Martinez (Chief Financial Officer).