Company: APXIF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026189
Chunk: 2034

Company: APx Acquisition Corp. I
Filing Date: 2025-03-31
Form: 10-K
Item: Item 11
Chunk 2034
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Management will present to the audit committee each proposed related party transaction, including all relevant facts and circumstances
relating thereto. Under the policy, we may consummate related party transactions only if our audit committee approves or ratifies the
transaction in accordance with the guidelines set forth in the policy. The policy will not permit any director or officer to participate
in the discussion of, or decision concerning, a related person transaction in which he or she is the related party.

63

Director Independence 

Nasdaq listing standards require that a majority
of our Board be independent. An “independent director” is defined generally as a person who, in the opinion of the company’s
board of directors, has no material relationship with the listed company (either directly or as a partner, shareholder, stockholder or
officer of an organization that has a relationship with the company). We have four “independent directors” as defined in
Nasdaq listing standards and applicable SEC rules. The Board has determined that Fara Remtulla, Daniel Mudd and Thomas P.M. Barry are
“independent directors” as defined in Nasdaq listing standards and applicable SEC rules. Our independent directors will have
regularly scheduled meetings at which only independent directors are present.

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES. 

The following is a summary of fees paid or to be paid to Marcum LLP
(“Marcum”), our independent registered public accountant, for services rendered.

Audit Fees. Audit fees consist of fees billed for professional
services rendered for the audit of our year-end financial statements and services that are normally provided by Marcum in connection
with regulatory filings. The aggregate fees billed by Marcum for professional services rendered for the audit of our annual financial
statements, review of the financial information included in our Forms 10-Q for the respective periods and other required filings with
the SEC for the years ended December 31, 2024 and 2023 totaled $165,012 and $86,904, respectively. The above amounts include interim
procedures and audit fees, as well as attendance at audit committee meetings.

Audit-Related Fees. Audit-related services consist of fees
billed for assurance and related services that are reasonably related to performance of the audit or review of our financial statements
and are not reported under “Audit Fees.” These services include attest services that are not required by statute or regulation
and consultations concerning financial accounting and reporting standards. We did not pay Marcum for consultations