Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 1149

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 1149
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    $178,530,147 
  
    Less: 

    Shares redeemed in February 2023 
     (111,346,281)
  
    Shares redeemed in September 2023 
     (8,273,281)
  
    Shares redeemed in December 2023 
     (2,246,585)
  
    Add: 

    Remeasurement of carrying value to redemption value 
     6,024,612 
  
    Class A ordinary shares subject to possible redemption at December 31, 2023 
    $62,688,612 
  
    Less: 

    Shares redeemed in December 2024 
     (60,856,059)
  
    Add: 

    Remeasurement of carrying value to redemption value 
     4,436,272 
  
    Class A ordinary shares subject to possible redemption at December 31, 2024 
    $6,268,825 

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). 

F-24

The following
table presents information about the Company’s assets and liabilities that are measured at fair value at December 31, 2024 and 2023,
and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: 

    Level 
    December 31,  2024  
    December 31,  2023 
  
    Assets: 

    Investments held in Trust Account - (1) 
    1 
    $6,208,367  
    $62,406,649 
  
    Liabilities: 

    Warrant Liability - Public Warrants - (2) 
    3 / 1 
    $690,000  
    $431,250 
  
    Warrant Liability - Private Warrants - (2) 
    3 / 2 
    $716,000  
    $