Company: APXIF
Filing Date: 2025-01-22
Form Type: F-4
Source: 0001213900-25-005463
Chunk: 139

Company: APx Acquisition Corp. I
Filing Date: 2025-01-22
Form: F-4
Chunk 139
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 consulting firm to provide additional support to our technical accounting and financial reporting capabilities and support our finance department in the design and implementation of an improved internal controls system. We have also begun the process of reviewing and documenting our accounting and financial processes and internal controls, improving and formalizing accounting and reporting policies, and building out the appropriate technical, financial management and reporting systems infrastructure to automate and standardize such policies. In addition, as an emerging growth company, we currently are not required to comply with Section 404 of the Sarbanes -OxleyAct. As a result, neither our management nor an independent registered public accounting firm has performed an evaluation of our internal control over financial reporting in accordance with the provisions of the Sarbanes -OxleyAct. We cannot assure you that the measures we have taken to date, and actions we may take in the future, will be sufficient to remediate the control deficiencies that led to these material weaknesses in our internal control over financial reporting or that they will prevent or avoid potential future material weaknesses. Additionally, when evaluating internal controls over financial reporting in the future, we may identify additional material weaknesses that we may not be able to remediate in advance to the applicable reporting deadlines imposed upon us once the Company is required to comply with the management assessment reporting requirements of Section 404 of the Sarbanes -OxleyAct. If we identify any additional material weaknesses in our internal control over financial reporting or we are unable to remediate the material weakness described above or comply with the requirements of Section 404 of the Sarbanes -OxleyAct in a timely manner or our independent registered public accounting firm is unable to express an unqualified opinion as to the effectiveness of our internal control over financial reporting once we are no longer an emerging growth company, or we are unable to conclude in our quarterly and annual reports that our disclosure controls and procedures are effective, investors may lose confidence in the accuracy and completeness of our financial reports and the market price of the Company Shares could be negatively affected, and we could become subject to investigations by the stock exchange on which our securities are listed, the SEC or other regulatory authorities, which could require additional financial and management resources. If we fail to remediate any material weakness, our financial statements could be inaccurate, and we could face restricted access to capital markets. The JOBS Act permits “emerging growth companies” like us to take advantage of certain exemptions from various reporting requirements applicable to other public companies that are not emerging growth companies. We currently qualify as an “emerging growth company