Company: APXIF
Filing Date: 2025-06-11
Form Type: 10-Q
Source: 0001213900-25-053185
Chunk: 95

Company: APx Acquisition Corp. I
Filing Date: 2025-06-11
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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 out of such extended transition period,
which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company,
as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard.
This may make comparison of the Company’s financial statements with another public company, which is neither an emerging growth
company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of
the potential differences in accounting standards used.

 14

Use of Estimates

The preparation of financial
statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues
and expenses during the reporting period.

Making estimates requires
management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation
or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate,
could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly
from those estimates.

Operating Segments

The Company operates as one operating segment. Operating segments are
defined as components of an enterprise for which separate financial information is regularly evaluated by the chief operating decision
maker (“CODM”), which is the Chief Executive Officer and Chairman of the Board, in deciding how to allocate resources and
assess performance. The Company’s CODM evaluates the Company’s financial information and resources and assesses the performance
of these resources. The Company is not organized by market and is managed and operated as one business. A single management team that
reports to the CODM comprehensively manages the entire business. Accordingly, the Company does not accumulate discrete financial information
with respect to separate divisions and does not have separate operating or reportable segments. Since the Company operates in one operating
segment, all required financial segment information can be found in the financial statements.

Cash and Cash Equivalents

The Company considers
all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had $72
and $120 in cash and no cash equivalents as of March 31, 2025 and December 31, 2024, respectively.

Investment Held in Trust Account

As of March 31, 2025
and December 31,