Company: APXIF
Filing Date: 2025-06-11
Form Type: 10-Q
Source: 0001213900-25-053185
Chunk: 114

Company: APx Acquisition Corp. I
Filing Date: 2025-06-11
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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 Class A ordinary shares subject to possible redemption reflected in the balance sheet is reconciled in the
following table:

    Class A ordinary shares subject to possible redemption at December 31, 2024  
    $6,268,825 
  
    Remeasurement of carrying value to redemption value 
     65,522 

    Class A ordinary shares subject to possible redemption at March 31, 2025 
    $6,334,347 

NOTE 11. FAIR VALUE MEASUREMENTS

The fair value of the
Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received
in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between
market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks
to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs
(internal assumptions about how market participants would price assets and liabilities).

The following table presents
information about the Company’s assets and liabilities that are measured at fair value at March 31, 2025 and December 31, 2024,
and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    Level 
    March 31, 
2025  
    December 31,
 2024 
  
    Assets: 

    Investments held in Trust Account - (1) 
    1 
    $6,311,873  
    $6,208,367 
  
    Liabilities: 

    Warrant Liability - Public Warrants – (2) 
    3 
    $2,328,750  
    $690,000 
  
    Warrant Liability - Private Warrants – (2) 
    3 
    $2,416,500  
    $716,000 

  (1) The fair value of the investments held in Trust Account approximates the carrying amount primarily due to the short-term nature.  (2) Due to the suspension of trading of the public warrants in November 2024 the public and private warrants have been assessed as Level 3 as of December 31, 2024 and March 31, 2025 as no directly or indirectly observable public warrant list price.  

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Warrants

The Warrants are accounted for as liabilities
in