Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 249

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 249
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 accounting purposes, the Business Combination will be accounted for as a capital reorganization. The net assets of APx will be stated at historical cost, with no goodwill or other intangible assets recorded. The Business Combination will be accounted for within the scope of IFRS 2 — Share -basedPayments (“IFRS 2”). As a result, any excess of fair value of the Company Shares issued over the fair value of APx’s identifiable net assets acquired, represent compensation for the service in respect of a stock exchange listing for the Company Shares and is expensed upon consummation. 107

GAAP to IFRS conversion of APx’s financial information as of December 31 , 2024 , for the twelve-month period ended June 30, 2024 and for the six-month period ended December 31, 2024. The historical financial information of APx has been adjusted to give effect to the differences between GAAP and IFRS as issued by the IASB for the purposes of the unaudited pro forma combined financial information. The identified adjustment to convert APx’s financial statements from GAAP to IFRS for purposes of the unaudited pro forma combined financial information was to reclassify SPAC Public Shares subject to redemption to non -currentfinancial liabilities for $6.3 million. The reconciliation between APx’s Equity as of December 31, 2024 and net result for the six -monthperiod ended December31, 2024 and the twelve -monthperiod ended June 30, 2024 between the financial statements prepared under GAAP and the figures resulting from applying IFRS are disclosed below:

|                                                                                                                                                |     |                  Equity as of 
                  December 31, 
                          2024 |   |     |    Net income/ 
         (loss) 
 for the period 
          ended 
   December 31, 
        2024(i) |        |     |  Net income/ 
       (loss) 
 for the year 
        ended 
     June 30, 
     2024(ii) |   |
|:-----------------------------------------------------------------------------------------------------------------------------------------------|:----|------------------------------:|:--|:----|---------------:|:-------|:----|-------------:|:--|
|                                                                                                                                                |     | -in thousands of U.S. dollars |   |     |                |        |     |              |   |
| Information from APx financial statements prepared under GAAP                                                                                  |     |                            97 |   |