Company: APXIF
Filing Date: 2025-06-11
Form Type: 10-Q
Source: 0001213900-25-053185
Chunk: 100

Company: APx Acquisition Corp. I
Filing Date: 2025-06-11
Form: 10-Q
Item: Part I, Item 8
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quoted prices in active markets for identical assets or liabilities.

Level 2-Inputs to the
fair value measurement are determined using prices for recently traded assets and liabilities with similar underlying terms, as well as
direct or indirect observable inputs, such as interest rates and yield curves that are observable at commonly quoted intervals.

Level 3-Inputs to the
fair value measurement are unobservable inputs, such as estimates, assumptions, and valuation techniques when little or no market data
exists for the assets or liabilities.

 18

Offering Costs Associated with the Initial
Public Offering

Offering costs consisted
of legal, accounting and other expenses incurred through the Initial Public Offering that were directly related to the Initial Public
Offering. Offering costs were allocated to the separable financial instruments issued in the Initial Public Offering based on a relative
fair value basis, compared to total proceeds received. Offering costs associated with warrant liabilities were expensed as incurred in
the condensed consolidated statements of operations. Offering costs associated with the Class A ordinary shares issued were charged
to temporary equity and warrants upon the completion of the Initial Public Offering. Offering costs amounting to $10,321,097 were charged
to shareholders’ equity upon the completion of the Initial Public Offering and $465,166 were expensed as of the date of the Initial
Public Offering.

Recent Accounting Pronouncements

In November 2023, the
FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. ASU 2023-07, which is
applicable to entities with a single reportable segment, will primarily require enhanced disclosures about significant segment expenses
and enhanced disclosures in interim periods. The guidance in ASU 2023-07 will be applied retrospectively and is effective for annual reporting
periods in fiscal years beginning after December 15, 2023, and interim reporting periods in fiscal years beginning after December 31,
2024, with early adoption permitted. The Company adopted this guidance as of January 1, 2024.  The adoption resulted in disclosure
changes only.

In December 2023, the
FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09). ASU 2023-09 is intended
to enhance the decision usefulness of income tax disclosures and requires the disclosure of various disaggregated information, including
an