Company: APXIF
Filing Date: 2025-06-13
Form Type: F-4/A
Source: 0001213900-25-054324
Chunk: 232

Company: APx Acquisition Corp. I
Filing Date: 2025-06-13
Form: F-4/A
Chunk 232
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 statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non -emerginggrowth companies but any such an election to opt out is irrevocable. APx has elected not to opt 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, APx, 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 our 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. Additionally, APx is a “smaller reporting company” as defined in Item 10(f)(1) of Regulation S -K. Smaller reporting 95 companies may take advantage of certain reduced disclosure obligations, including, among other things, providing only two years of audited financial statements. APx will remain a smaller reporting company until the last day of the fiscal year in which (1) the market value of the SPAC Class A Ordinary Shares held by non -affiliatesequals or exceeds $250 million as of the prior June 30 th, and (2) APx’s annual revenues equaled or exceeded $100 million during such completed fiscal year and the market value of the SPAC Class A Ordinary Shares held by non -affiliatesequals to or exceeds $700 million as of the prior June 30 th. To the extent APx takes advantage of such reduced disclosure obligations, it may also make comparison of APx’s financial statements with other public companies difficult or impossible. APx has identified material weaknesses in its internal control over financial reporting. If APx is unable to remediate these material weaknesses or otherwise fail to maintain an effective system of internal controls, it may not be able to accurately or timely report its financial condition or results of operations, which may adversely affect its business and the price of its ordinary shares. As required by Rules 13a -15and 15d -15under the Exchange Act, the Chief Executive Officer and Chief Financial Officer of APx carried out an evaluation of the effectiveness of the design and operation of APX’s disclosure controls and procedures as of March31,